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Strategies & Market Trends : Value Investing

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To: Brendan W who wrote (13719)1/17/2002 5:22:39 PM
From: Paul Senior  Read Replies (5) of 78476
 
Brendan Watt, it seems like you may be making more sells than buys. I know I am. Recently I:

Sold and closed BLX at loss. Too difficult for me to ignore two credit agency downgrades due to Argentina loans that may not be collateralized adequately.

Sold some Blyth (BTH) at a loss. Growth is stalled. I just have lost patience with this one. This company is a candle maker and gift seller. I don't see any reason why growth might resume.

NSI - Closed my long-term position in this company at loss. They have an asbestos exposure. I've had quite enough of these asbestos companies. (The conglomerate split in two recently; the other part is AYI - I've reduced my position there slightly.)

Sold a little World Wrestling Federation Entertainment (WWF) for small profit. I had expected the stock to turn up more by now. It hasn't; I'll just trim my position a little.

DRD - I started a small position in this well-entrenched NYC drug store chain.

Paul S.
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