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Strategies & Market Trends : Value Investing
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To: James Clarke who wrote (4597)8/4/1998 4:38:00 PM
From: Wallace Rivers   of 78673
 
And we should thank a gentleman with a first name Ralph, who has a nickname, which he lived up to today of "Make-'em-poorer". He of Dow 10,000 fame.
On JOE, Raymond James downgrade from Buy-1 to Accumulate-2: Still likes long term fundamentals of JOE, feels losing Ledsinger is a negative, along with search for new CFO. Thought Ledsinger was a valuable piece of mgmt.
That and .50 will get you a small coffee (not at Starbuck's, though).
Will look at LHO, which RJ likes (Buy-1) again FWIW. In the same sector, what do you think of Winston Hotels (WXH)?
Only silver lining in all this is I feel Greenspan will have the opportunity to lower Fed Funds 25 basis - he should!
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