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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (13222)10/22/2001 1:28:14 PM
From: Paul Senior  Read Replies (1) of 78703
 
Starting a small position in Ampco Pittsburgh (AP).

Small mundane manufacturer of industrial "stuff" - steel rolls, fins, tubes.

Good price/sales
Good price/book
Sales inching up year over year (until this year)
not much ltd
4% div. yield
Gabelli and Olstein are funds that have positions(according to Yahoo)
Chairman keeps buying stock. He's 92?? Man, I LIKE that confidence!

Stock at 9.15. I gotta figure the fair value is at least 80% of book value (which is about $16.2/sh). IF it could get to fair value (again), that'd be a $3.81 move (42%).

Imo, a possible candidate for a "Mom" account. Negatives would be that the company is small, not a familiar name, and what it does & products it makes would elicit a "huh?" from Mom.
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