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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (14342)5/24/2002 2:28:29 PM
From: Paul Senior  Read Replies (1) of 78728
 
Note to Jim Clarke: if memory serves, you responded favorably to UNF, a stock I had posted on in late '99. Jim, I've appreciated that support. Today I sold my UNF position.

UNF is a very good company - good management and good historical performance, esp. revenue. (over 30 years of continuous revenue growth, when I last looked)

It's just become too difficult now for me to hold on.

finance.yahoo.com

This market is making me antsy. That shows up in my anxiety to hold on to profits while I still have them.

UNF p/book and p/sales are not out of line with historical numbers; the p/e though is higher than I would like to see. And UNF performance notwithstanding, they do operate in a very competitive business.

Paul Senior
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