Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Madharry who wrote (18669)	2/13/2004 8:51:13 PM
From: Paul Senior	of 78691

Yes, Madharry, I still have some SJR common from when it and the preferred were discussed on Buffettology thread. I was willing to bet on the "undervaluedness" of the company, but it's been difficult for me to figure the fair value of the stock given its current price. It seems to me I sold down the position too soon. Recently (2/'04) I've bought back just a little. I don't like buying back in at higher prices, but in this case, I suspect (guess) that the stock might still have legs. -------- I see MLEA is the old Tokio Marine, and that Marty Whitman's firm still has a large position. Seems like they've held the stock (and recommended it) forever. The problem they seem to have had (imo, and just a guess), is that it's been one of those Japanese companies that's really not managed for the benefit of shareholders (i.e. the management reluctance to monetize assets). Stock's performed well though this past year according to the chart I see.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next