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Strategies & Market Trends : Value Investing

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To: Shane M who wrote (5150)	10/16/1998 12:54:00 PM
From: Brendan W	Read Replies (1) of 78883

Shane, why do you say OMX doesn't fit value criteria? It's trading below book ... forward and trailing PEs are in the 8 to 9 range... it's got a strong balance sheet. I opened a position at 8 1/8 after their warning ... I'll buy more if the market returns to tanking. BTW, per Morgan Stanley the primary negatives are that same store sales trail the competition and susceptibility to price deflation and weak demand on office equipment. On the latter I don't know if they differ from SPLS and ODP. One other positive research snippet: "Management remains on track with its plan to fix gross margins and rationalize its personal computer business." That would be nice if they're right.

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