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Strategies & Market Trends : Value Investing

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To: LauA who wrote (9533)1/5/2000 6:55:00 PM
From: James Clarke  Read Replies (1) of 78618
 
So much for ready, fire, aim. I looked at the debt level and the ten year history of SK, and it was pretty clear that I have no idea what this company is capable of earning, but I can guess they are capable of going bankrupt.

And that was before I read Lau's post on the Laidlaw angle. I know this one from researching Laidlaw a couple years ago. Generally speaking, if a business is so bad that even Laidlaw wants to get out of it, you don't want it.

You bought the shares, so I figure you're "aiming" tonight. If you find something that convinces you you have a margin of safety here, please let us know - I would be willing to do a lot more homework if I was at least a little bit convinced I wasn't wasting my time.
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