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Strategies & Market Trends : Value Investing

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To: Steve168 who wrote (1423)6/26/1997 5:43:00 PM
From: Ron Bower   of 78715
 
Steven,

You didn't tell me what you think about the CEO purchase. Do I jump heavy or stay cool?

O.K. I'll pay. It's NATS. Small brokerage firm, growing. I now own enough. Would have to sell something to buy more and don't want to.

Stock now at 6.00. BV is 6.25. It had $2.24 EPS last year and IMO should hit at least $1.68 this year. With acquisitions (two now) it should do even better. Might be a bummer. I like it but am too conservative to do too much. If it gets to .60 or so Q earnings, can run to 20 or better. Paid dividends in stock. Check out SEC filings and let me know what you think. Only 500K float so trading is low.

Ron
PS - to thread - another one. Just found and bought ELSE at 3.5, BV 4.4, maybe much higher after earnings report. Not from operations. Had $2M cash and $4M invested in market end of March and .86/share unrealized gains. SEC rpts make interesting reading. 1.945M Dilute, 700K float. (Market now 15% higher than March 30.)
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