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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (13072)	11/16/2001 4:45:27 PM
From: Paul Senior	Read Replies (1) of 78744

Adding to my losing position in SHRP. Starting TAM. finance.yahoo.com I discount the last 30 months of SHRP's higher stock price as related to the scooter fad. Now though, the stock is near book value; book value is slowly increasing; p/sales is .2; there's little ltd. To get items into their stores (bricks and internet) not only does SHRP buy ideas/products from around the world, they also have an in-house R&D group. This group has come up with an apparently popular silent electric air filter, and just recently a hot/cold snack box. It may be possible that one fad product, or perhaps just several good-selling ones, in future can provide the catalyst to drive this stock up from lows. ............... With OPEC apparently losing control of oil prices and the resultant decline in oil plays, I'll take an exploratory (-g- pun) position in TAM. This oil pipe producer now sells under one times sales (2x in good years) and for 80% of book value. Debt/eq. ratio is .14. TAM ought to be able to ride out the current supply/demand problems, and if oil/gas prices rise as they have so many times before, I am guessing there might be close to a double in the stock price. Jmo, and I've been wrong many, many times.

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