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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (12164)	3/12/2001 10:31:15 PM
From: EACarl	Read Replies (2) of 78481

Paul and thread, While I read this thread daily, I rarely post. I do want to voice my support for COMS. In this market environment, I have been avoiding anything except stocks with high price to cash ratios. I feel it gives them a firmer "floor" for the price. While I follow many stocks that sell for around half of the cash on the balance sheet, those companies are in most cases small and have not been profitable. For a company the size (and with the history) of COMS to be selling now slightly less than the cash level is rare. Some here may recall late 1998 when the semiconductor capital equipment sector had bookings almost dry up and some of the companies were selling for around net cash. That turned out to be a great buying opportunity. The news couldn't be much worse for COMS (and its sector) now, and I think that also contributes to the makings of a bottom. While I certainly do not claim to know when or at what price the bottom of COMS will be, I do think that at the current price, the risk/reward is favorable for starting a position. Count me in, and good luck! Eric.

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