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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (10135)	3/7/2000 3:11:00 PM
From: Bob Rudd	Read Replies (2) of 78625

PG Small initial position - After looking at really beaten down 'bargains' [cigar-butt types often], it's tough to pull the trigger on this really world class outfit that's priced reasonably - but still is no bargain based on what I've been used to looking at. But it's on my list of great companies I want to get if they fall in reasonable range. That said, if it drops out of the support zone [See 97 on longer term chart] I'm probably gonna throw it back and wait for lower entry. Based on adjusted #'s 3.05 this year growing at 15% and 20 multiple in 5 years, this returns 15% - Like I say no bargain, but I think a really great company strong global franchises that isn't gonna be taken apart by the net or sddenly become obsolete - Most of this problem is external factors - rising raw material costs that is a 1 or 2 quarter thing. After that and inevitable mugging tech's gonna take [don't know when - but we all know it's coming] This is going to be one institutions have to own.

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