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Strategies & Market Trends : Value Investing

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To: Brendan W who wrote (13121)10/3/2001 11:39:55 AM
From: Paul Senior  Read Replies (2) of 78516
 
Brendan Watt: Adding a bit to my losing position in IPG today.

finance.yahoo.com

I see that Robert Torray of the Torray Fund has a position.
The man is a long term holder of stocks in a concentrated portfolio. And he has a very good record. He's going to look even better now I'd guess, since - from what I can see - he's been holding heavy positions in a couple of defense stocks since before 9/11.

In a writeup of his fund in "Money: Special Report" (Fall,2001, p. 56), the reporter states, "...with a strong global brand, virtually no debt, and $1.60 in cash flow per share, Interpublic looks good to Torray..."

That "no debt" part is wrong. IPG has plenty of debt. I haven't checked the cash flow number.
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