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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (16375)2/7/2003 2:38:44 PM
From: Wallace Rivers  Read Replies (1) of 78715
 
I have lower bids in on ALL and TECD.
ALL is nearing a 52 W low, trades at about 10 PE, although I don't know how much weight PE should be given with insurers. Dividend was just raised to almost 3%. Any terrorist activity would undoubtedly hurt this sector, especially.
TECD is a consummate fallen angel, a genuine falling knife touching a fresh 52 W low. I've heard estimates from analysts who are generally reliable that tangible book is just north of $21. Historically, buying the stock below tangible BV has been a very good entry point. Stock is trading just below $20.
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