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Strategies & Market Trends : Value Investing

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To: Michael Burry who started this subject8/6/2003 11:25:34 AM
From: Paul Senior  Read Replies (2) of 78748
 
I'll start buying ABC today.

finance.yahoo.com

Stock (relative to its history) is at low p/sales. Also at a relatively low p/e on forward earnings. Earnings have been increasing over each of the past several years.

Assuming that some fed. government action is instituted to make drugs, medical products/services more available/affordable to citizenry here, then distributor ABC should benefit. (But who knows the intended/unintended consequences of government actions on business?) I'll bet though that the sanguine earnings estimates of the 11/14 analysts who have buy recommendations here are likely correct, and that if so, the shares, imo, "merit a premium" as S&P recently stated.

Starting an exploratory position now; I'll likely be adding as shares continue to drop.
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