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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (10767)6/27/2000 11:41:00 AM
From: Wallace Rivers  Read Replies (1) of 78508
 
X - the writeup on X is very interesting IMHO (disclosure - long X), plus Merrill has given a positive mention to X today.
The piece in Barrons placed a potential "asset value" on X of $100/share. That is, obviously, just one person's opinion. Interesting, nonetheless, even if you back out all liabilities - you still have a price one he!! of a lot higher than a tad less than $20/share, where X is currently.
It's exposure to the oil patch (which is mentioned in the Barrons' piece), as well as about a 5% dividend yield are two of its more attractive characteristics IMHO.
But, as Mr. P. Senior would say, I've been wrong many, many times before...
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