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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (9412)12/24/1999 2:59:00 AM
From: jeffbas  Read Replies (2) of 78644
 
We unquestionably have a record number of buyers for EBSC, by a large margin. I hope we don't spoil our "3 buyers" rule <ggg>.

I tend to agree with Armin about the inventory overvaluation. I was wandering through a local old-line department store not too long ago and I would say in the "artsy-knickknack" home furnishings area there was a bunch of stuff that I remember thinking they could not give away. But it does not overly bother me at this price level. I also agree on the receivables, absent hard times. Also, I would guess Midwest folks might be better credit risks generally.

The stock was improving at the very end of the day, when the company can't be in the market buying, so we may have successfully tested the $5 level again today.

James, I was a bit disappointed that December is only "meeting expectations" after such a strong November - although I recognize that
I might say the same thing even if results were as good as November.
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