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Strategies & Market Trends : Value Investing

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To: Wyätt Gwyön who wrote (16353)2/4/2003 11:02:04 PM
From: 249443  Read Replies (1) of 78523
 
FLM & Short Selling:

I remember the discussion of FLM at the last Longleaf annual meeting. I have always strongly avoided any equity investment when investors/management/3rd parties state the company's stock is going down because of short selling. FLM is one more sad example. That WSJ article was right on the money -- about 6-12 months ago.

"...when rampant short selling compounded the pressure on the stock brought by several pieces of bad news -- weak wholesale results, a lower than expected price for its retail assets, and instability at Kmart, its largest customer..."

No disrepect to any posters who sustained lost in FLM common. Just my two cents.
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