Investing for the January Effect 2000 Message Board

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Strategies & Market Trends : Investing for the January Effect 2000

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To: LauA who wrote (11)	12/19/1999 11:46:00 PM
From: James Clarke	Read Replies (1) of 109

My January pick would be Elder Beerman Stores (EBSC) - buy below 6 1/2. The company IPOed in the high teens and then did a secondary in the 20s about a year and a half ago. Those shareholders are dumping for tax losses. In the meantime, fundamentals are improving - same store sales were up 6% in November, causing analysts to tick up estimates a few pennies. Not what you would expect for a company trading below its net current assets. On top of that, roughly 50% of the shares are now held by four investors who have placed big bets in the last six months. They have the power to make something happen. Book value is over $15, the stock trades at 5 1/2. The company is profitable.

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