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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (17070)	5/14/2003 6:29:14 PM
From: jeffbas	Read Replies (1) of 78537

"we can't really buy A when price difference (and currency exchange rate) is dropping and sell when the price difference is rising - this is just currency speculation, we assume that the exchange rate will stay the same or continue in the same direction in the future" Jurgis, I agree with that. However, that misses the point I made in the link I referenced. BECAUSE OF PAST CURRENCY CHANGES, the company I referenced is in much better competitive position and will be for some time to come REGARDLESS OF WHAT THE CURRENCY DOES IN THE NEAR TERM. It is an important investment fact to know that something has happened to make a company more competitive, whether it is currency changes, better products, or whatever.

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