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Strategies & Market Trends : Value Investing

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To: Bob Rudd who wrote (7143)10/27/1999 8:23:00 PM
From: Bob Rudd  Read Replies (2) of 78662
 
Back into ICO @4 1/16 today after selling profitably at 12 5/8 in May. PS .025 PB .45 Gonna be bad patch of earnings for 6 months or so....y2k and difficult acquisition. But, while they're not debt free, they look like they can survive. New CEO may be able take this $2.5 Billion in sales and turn it into $2 Billion in PROFITABLE sales. This is more bet than carefully researched value investment cause I'll admit I'm fuzzy on their business models and not wired into this industry. All comments welcomed.
Also I added to WMI position @16.75 the day BEFORE they made the disclosure of more bad news...as if the stock price wasn't saying something about that. Could it be getting just about washed out... a shortage of sellers? Interesting that it rebounded on bad news. Congrats to Mike for bailing to hide and watch the slide from the bushes rather than ride it down like I did.
be well,
bob
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