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Strategies & Market Trends : Value Investing

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To: jeffbas who wrote (15697)	10/30/2002 3:25:24 PM
From: Bob Rudd	Read Replies (1) of 78744

Back in to LTBG today @6.44 - Cash assures survival; Risk reward @ current valuation appears favorable based on cash + reasonable multiple of likely future cycle peak earnings. Well positioned in security. Morgan commented today on a likely recovery in wireless services biz [Which I take with grain of salt as containing no small amount of wishfull IB thinking...but wireless will continue to expand and security is a key element] Lack of visibility reinforced delay of forward guidance and lack of insider purchases. Tax loss selling may offer additional 'buying opportunities' before year end, ditto negative news flow.

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