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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (13389)	11/29/2001 11:18:52 AM
From: Paul Senior	Read Replies (1) of 78486

Looks like the right thing to do, Spekulatius. I'm still trying to determine what I'll do with my small DNR position. somewhat related: ABN In news reports of banks with large loans to ENE, ABN was mentioned. ABN is a relatively big position for me. (certainly relative to DNR) In one news report ABN were asked about their ENE loan exposure, and they replied, "no comment". Well, that scared me. This is how they prepare for an inevitable reporter's question? That's all they can say? Can't give a range of exposure or even a pabulum statement for us poor ABN stockholders? I mentioned I bought ABN because I believed it to be a downtrodden bank selling at low prices, but offering a decent yield for patient investors. Safe and cheap. I believe I'm better off stepping out of ABN now until they do issue a statement that gives some indication of how bad ENE debacle has affected their balance sheet. I don't see the stock getting away from me (rising much from current price) whether the loan losses are small or large. I figure I'll have another chance to buy back ABN if I want. Exited position at small loss. Anyway, your post spurred me on to take some action. Thanks. Paul Senior.

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