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Strategies & Market Trends : Value Investing

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To: Steve168 who wrote (16534)3/5/2003 2:13:44 PM
From: Paul Senior  Read Replies (1) of 78671
 
Steve168. I have those first three also. May I ask what is your attraction to that last one, TIBX?

I'm long GE with an exploratory position purchased this year around current level. First time I've ever bought this behemoth. I like the dividend, and I'll bet if there's ever a stock market recovery, GE will participate. P/e is relatively low compared to past GE levels. But at 15, still absolutely high. And maybe it is still too high.
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I'm adding today a tiny amount to my small position in Dale Baker's pick of ATS. No long-term debt, selling below cash, profitable. Negatives are: very thinly-traded micro cap., hard to get information on it (they may be spending their cash on satellites) and issues related to its business being dependent on Chinese gov't. (Although based on your success with SINA, perhaps its being Chinese domiciled and focused should be seen as a positive.)

Paul Senior
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