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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (16715)5/4/2005 4:52:53 PM
From: Paul Senior  Read Replies (1) of 78666
 
VVTV: I'll add a bit to my losing position in ValueVision Media.

Over the past couple of years, performance has continued to degrade. The company's not profitable, and book value per share has steadily declined. The stock is at a five year low (ouch!)

Positives though are that there's only miniscule ltd, and cash or short term investments amount to $2.72/sh., according to Yahoo. (The stock is slightly above $8.00 now). The psr is a relatively very low .51.

VVTV is the third and the independent channel among the home shoppers. (Home Shopping Network and QVC are folded within media conglomerates.)

By holding on to my shares I keep betting (and losing) that either VVTV will get its business act together or else
the company will be somebody's acquisition candidate.
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