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Strategies & Market Trends : Value Investing

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To: Brendan W who wrote (13094)9/22/2001 2:54:24 PM
From: Brendan W  Read Replies (1) of 78667
 
More buys.
Bought Reebok at 19.20 (RBK). Previously, I had bought this at $8, $12 and $20s and sold this year at $30. Trailing PE is around 13x, 2001 PE is 11.5, 2002 10ish. It seems their competitive position has been restored from 1999. Over the last five years they have brought their debt down from $850m to $350m.

Bought Black & Decker at $30 (BDK). The company is priced approaching a 5 year low. In the past five years the company has bought back 15 percent of its shares, and brought down its debt from $1.6B to $1.1B.
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