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Strategies & Market Trends : Value Investing

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To: Tomato who wrote (11348)	10/30/2000 4:31:52 PM
From: Bob Rudd	Read Replies (1) of 78613

SKO: I started a modest position today @ 5 11/16. According to Yahoo data, 92% of shares are owned by institutions, read funds, which have to complete taxloss selling by close tomorrow. The bad news is pretty visible to institutional holders. The chart shows no signs of bottoming, so I suspect the calendar is going to nail intermediate bottom. The ratios are way into the the deep value range, but financial flexibility is tight and nearterm SSS won't be pretty because there hasn't been a winter yet...and winter drives a lot of the business in Shopko's neck of the woods. But winter defferred is not winter denied, so I suspect the snowmobile suits they have in inventory will soon find some takers. For those that haven't seen the stores, they're sort of between a Walmart and a Target...generally well merchendised.

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