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Strategies & Market Trends : Rande Is . . . HOME

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To: Jane4IceCream who wrote (48185)	2/28/2001 12:57:39 PM
From: chowder	Read Replies (1) of 57584

OT - Bricks - Jane, if you're interested in bricks, DDS may be worth a look. It's selling for 18 and change but it's book value is 31 and change. Accounting changes this year are expected to help companies who's share price is less than book value. The fundamentals for DDS aren't that hot as they are still working off inventories from a large merger they initiated, but they are progressing. What makes DDS attractive, to me, besides trading significantly below book value, is that management (family owned), is buying back stock and buying back debt. They also own the mall properties of most of their stores, as opposed to leasing, and they have some very profitable real estate. I have been accumulating from the 9-10 range and I'm still adding a little here. Future rate cuts, assuming they are coming, should help the retailers a good bit. Sorry for the OT from tech. dabum

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