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Strategies & Market Trends : Value Investing

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To: Bob Rudd who wrote (10091)3/2/2000 5:25:00 PM
From: Grommit  Read Replies (1) of 78774
 
ABS and WM are "stinkers"

fnews.yahoo.com

ABS just announced that they are comfortable with $0.70 per share in the qtr. Those stinkers!

And LEN is a stinker too. Old economy. Will home building be revolutionized by the web? They have a new acretive acquisition, a stock buyback and a Merrill upgraded them. Conspiracy with Merrill perhaps?
biz.yahoo.com
That link implies 5% over 2.83 for year ending Nov 2000 = around $3 per share. Nice growth, nice PE.

Anyway...Thestreet link clearly shows the mentality investors face. Don't look at the company look at the momentum. Invest with the herd and prosper, is the mantra. To go where others fear to tread is contrary (so to speak).

enjoy!

PS -- another tidbit:
At $95, Palm (with sales of $259 million and profits of 12.9 million in the latest quarter) has a mkt cap of about $53 billion. And Palm will be facing stiff competition in the future. Free sales growth is not assured, let alone profitability.

LEN capitalization is under $1 Billion. While profits were $173 million last year. Over $3 billion of revenue.
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