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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (11239)10/7/2000 11:41:48 PM
From: James Clarke  Read Replies (3) of 78625
 
<<my pride/shame ratio is low. Lot of embarrassment (shame) for anybody who steps up now and says they're a buyer of EK.>>

I like that ratio. I have avoided EK like the plague for the last three years, but purchased a position in the 40s. Bill Miller owns it with great conviction at higher levels as does the Saudi Prince Warren (of course he also bought Priceline).

Another ratio on EK, a more tangible one. I believe EK trades at an enterprise value/EBITDA ratio which would befit an auto parts company. The business ain't perfect, but Kodak is no auto parts company.

With great shame,

JJC
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