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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (19520)8/10/2004 8:37:07 AM
From: Dale Baker  Read Replies (1) of 78625
 
When the general market climate turns sour, it's almost inevitable that some value plays will end up underwater for a while. The current period reminds me a lot of late 2002 and early 2003.

I am still building positions in MESA, CCBL, HURC and WSTL deep underwater. But they share come common traits - profits, good cash flow, manageable balance sheets, etc.

I agree with not letting Mr. Market scare you out of good stocks at bad prices. Some people overweight their underwater plays and let the stress scare them out. Allocation is part of a successful strategy.
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