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Strategies & Market Trends : Value Investing
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To: Investor2 who wrote (5480)12/19/1998 1:22:00 AM
From: James Clarke   of 78704
 
NAV, Navistar, has a horrendous history, and is a "value stock" in the crudest sense of the word. I would not buy it because the truck cycle just started to fall apart and I have done some forensic accounting on the company and in my opinion they are playing games. At 9 two years ago you would have said the same thing, but the thing tripled. The easy money has been made.

JJC
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