Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ron Bower who wrote (1446)	6/29/1997 4:13:00 AM
From: James Clarke	of 78742

Ron, I agree with you (WHX) on two of your three points. The steel industry is an awful long term investment. Industry fundamentals are among the worst. And I agree there is a ton of uncertainty about WHX. BUT...you are on a value investing thread, so the relevant question is this. Is it in the price or isn't it. At 30% of book value (I bought at 20%) I think the market has overreacted a wee bit. If you believe the strike will never settle, don't buy this stock. But if you are willing to be patient for a year, it is a steal. This is not one for the retirement account long term - it is for a very big short term gain. One of my favorite things to say about this kind of investment (and I will clean up the way I usually say it) is this - I will buy dog "excrement" if I can buy it for half the going rate for dog "excrement". That is my philosophy on this one. It is not Microsoft - I know that. But look at the price.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next