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Strategies & Market Trends : Value Investing

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To: - with a K who wrote (17437)	7/28/2003 7:52:59 PM
From: Paul Senior	Read Replies (1) of 78476

OT: HELE: -with a K, okay, talked myself into adding to my position too. Just a little though. Stock still has room to move based on p/e and growth possibilities, imo. Also imo, that's assuming high profit margins can be sustained. Adding to the position now though seems more risky to me than when the stock was trading lower. That I am adding at this point means I am acknowledging a judgmental error or errors. I should have bought more than an exploratory position when I first bought, and I should have bought more as the stock began its good ascent. I call this post OT because it's easier on my psyche to assume I'm buying reasonably cheaply now into a growth stock, which therefore is not of interest to value investors. If I had to consider HELE a value stock here, then I'd have to go further and admit I could be quite a nincompoop for stepping in to buy this thing now when it's already moved up to a four-year high. Paul Senior, who is grateful for the gains seen with HELE. Current HELE price: $19.68. My target price: p/e 16 on 2/'04 co. earnings est. of $1.75 = $28/sh.

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