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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks

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To: JakeStraw who wrote (1643)	3/30/2000 1:05:00 PM
From: BWAC	Read Replies (1) of 5499

Jake and All: The SEG news today about going private looks interesting. Not from a buying point, but more so from a preview of possible things to come. Consider also all the hints dropped last week about GM Hughes, GM itself, and Murdoch/Newscorp. This seemed at first like "yeah right, no way could Murdoch pull this off". But not only could it be done, it could be easily done. NWS has "curency" valued at 220 Billion as compared to GM's 50 Billion. Easy no problem. Done deal if he just would do it for 90 Billion. Back to SEG. I have been amazed that we already haven't had a big name company go private. I never figured it would be tech stock SEG and it's disk drive business. But I guess it's been beaten down about as far as some of the "old economy" stocks. I fully expect SEG to be just the first of many. There are way too many profitable companies trading at or near book value of the assets and at PE's under 10. If I was management at some of these type companies, it would be a no-brainer to raid the value with a private buyout.

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