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Strategies & Market Trends : Value Investing

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To: xdimitri who wrote (15023)	8/2/2002 10:51:38 AM
From: Don Earl	Read Replies (1) of 78510

<<<Where I come from - Belgium - we officially only have tax accounting.>>> That sounds to me like a lot better system than one set of books for the tax man and one set of books to show investors. At least if a company wants to pad the numbers, the public in general gets some benefit from increased tax revenue. It also strikes me as likely that paying more tax would provide some incentive to report numbers more in line with actual real world results. Changing the subject back to value investing, I picked up a few shares of ACRT this morning. The SEC filings seem to match the Yahoo profile. biz.yahoo.com sec.gov I'm still not overly comfortable with taking long positions in this market, and don't plan to treat it as a buy and hold play, but trading at close to 1/2 cash per share strikes me as oversold even in a bear market. Finance companies aren't my strong suit on DD as I tend to lean more toward products and services. Would anyone with more experience researching finance companies care to check this one for fleas in case I'm missing something obvious? It looks almost too good to be true at current levels, but I wasn't able to find the booby trap if there is one.

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