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Strategies & Market Trends : Value Investing

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To: Steve168 who wrote (16390)2/10/2003 9:24:12 AM
From: TimbaBear  Read Replies (1) of 78505
 
Steve

I picked up some AWRE Friday at 2.05. It is trading below book value of $3 and cash $2.2/share. No debt. What do you all think? I also had some ALVR, it is trading around 1.86 while cash is $3/share.

I haven't done more than a cursory look at the numbers as listed on Yahoo on either of these, but my question is: "Do you see either of these companies ever becoming profitable?"

Buying companies who are currently profitable for less than their cash in the bank is a wonderful thing, but when they're losing money when you buy them, the results on your "investment" dollar can be quite adverse.

Timba
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