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Strategies & Market Trends : Value Investing

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To: Bob Rudd who wrote (12930)8/9/2001 1:56:40 AM
From: Paul Senior  Read Replies (1) of 78758
 
re: FLA. Right now I don't have enough info to estimate the underlying asset value on FLA.

The guy who built Mutual Shares (or related fund(s)) was Max Heine. He bought St. Joe stock (owner of FLA before FLA was split out), and Michael Price kept it in the funds - occasionally adding to positions. Their net cost was down in the pennies.
I'm guessing current Mutual managers still see value in FLA; the aggressive style of these fund managers suggests to me that if they didn't still see value, they'd sell out of the stock (regardless of tax consequences). Jmo, of course.

I'll check Value Line for further information.

I am guessing that with their diversification and assets, the stock might hold up around this price in this kind of market. But who knows?

Paul
(I have no position in FLA)
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