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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (21646)	7/9/2005 10:35:47 PM
From: Tapcon	Read Replies (2) of 78748

EKS, I remember you mentioned ABS preferred back in March and I put it on my watch list. It was yielding about 8.25% at the time and sitting around $20. Unfortunately I just watched...as it now sits at close to 23, based, if I recall, on good progress during their last quarter. I was talked out of the purchase because of the concerns mentioned earlier about Walmart killing these grocery chains with their discount prices and aggressive moves into retail food. I live in Chicago and Jewel Foods (Albertsons) has this market sewn up pretty well, especially with Dominick's (Safeway) continuing to slide in this market. Anyway, ABS-P still looks like a pretty good pick, especially if they continue to execute the game plan well. By the way, do you know why finance.yahoo.com no longer shows chart info for ABS-P? It seems in the past month there have been a lot of my stocks, like the canadian unit trusts where I no longer get chart info from that site.

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