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Strategies & Market Trends : Value Investing

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To: TimbaBear who wrote (14796)7/11/2002 11:00:19 AM
From: Dale Baker  Read Replies (1) of 78673
 
Even after all MAXF's expenses, they produce real profits and cash flow over $1 per share, and the stock trades at 5.50 now. In the boutique securities biz, your people are your main asset, so I don't concern myself much if they are paid well.

In addition, MAXF brought in several new players to build new divisions. It will take time since the industry is in a deep funk - but long-term, MAXF has the potential to grow very nicely.

In the meantime the PE is low, book value around $5 and most of that is cash.

Not that value matters in the current market climate (panic selling). But it will eventually.
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