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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (13535)1/2/2002 4:13:53 PM
From: Paul Senior  Read Replies (1) of 78576
 
I'll swap some Fleming for some K-Mart.

FLM is a big food supplier to KM, so it's being dragged down with K-Mart as K-Mart has been falling. There's a sell-off in both stocks today as an analyst puts out a sell rating on KM.

My FLM position is still profitable, but I shouda sold anytime in the last few months. I figure KM right now is the better place to be, so I sold some Fleming and bought K-Mart. KM now has a price/sales of .06 (I estimate), and that offsets somewhat, imo, the large and increasing debt, and the poor management. Given KM's size and resources, they can still turn KM around. (Maybe.) If there's any hint of that occurring, the stock will rebound.

Paul S.

also selling a little more Whirlpool (WHR) today.

finance.yahoo.com
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