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Strategies & Market Trends : Value Investing
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To: James Clarke who wrote (10826)6/30/2000 5:17:06 PM
From: Paul Senior  Read Replies (2) of 78531
 
Dag nabbit. I missed LANC by a few seconds. Nuts.
Earlier I added to Whirlpool (WHR) as it crashed. I sold some OCAS (Ohio Casualty) at a loss (aside: They cut their dividend last month. What a shame. My notes say they had paid HIGHER dividends for 49 years --until now.) I added to REY (Reynolds and Reynolds) as it dropped. I sold a little IDTC (to buy LANC.. grrrrr.). I sold off a tad of Abbott (ABT) and bought more Speedway Motor Sports (TRK). I added a mite to Carnival Corp (CCL). Also to Trinity (TRN).

I started a small position in Chattam (CHTT) near the day's lows. A marketer and manufacturer of "branded consumer products". My limited experience with this business (Block Drug, which I've mentioned here several times) suggests this is a viable business that works if it's managed correctly and has the right creative marketing. Which CHTT may have. There's some insider buying- I can get stock at same or lower price. There's not much backing this stock in the financials (imo)-- negative tangible book value and d/e on stated bv is 7.1 (per Yahoo). Price/sales looks pretty good to me although sales are down about 3% in the current 6 month period. The stock is down from much higher levels, the company is buying back stock they say, and they are introducing new consumer products. Imo, this stock is suitable only for someone who will make a small speculative buy in an otherwise well diversified portfolio.

jmo, I've been wrong many, many times,

Paul
Have a happy and safe holiday weekend everyone
(for you who are US citizens who get a holiday)
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