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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (8527)	10/18/1999 11:18:00 AM
From: Bob Rudd	of 78673

LKI This news: De Beers slashes diamond stocks to gain value JOHANNESBURG, Oct 18 (Reuters) - South African diamond giant De Beers on Monday said it would more than halve its multi-billion-dollar diamond stockpile in a move to boost shareholder value and take advantage of a buoyant gem market. De Beers, which controls around 70 percent of the world market in rough stones, said it aimed to cut its working stockpile of diamonds held in London to between $1.5-2.0 billion from $4.6 billion at the end of last year... Looks a tad bearish for LKI. I'm not a holder, but have been watching it with interest since you mentioned it. Your take? bob

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