L. Nourse, Re OID: I think it's gone downhill.
Frequency of publication is, or has become, erratic IMO. Looks like about 3 issues in 1996 amd just one in 1997. This issue, Aug 1997, useless IMO. As mentioned, in depth interview, sharp questions and discussion. Focus IMO on Sogen Funds' J. Eveillard---lots of French and Foreign stocks.... Nam Yang Dairy, Cheil Jedang in Korea;Edipresse in Switzerland, French co's of course too --- puleeez.. Also big article on shareholder meeting (I believe) of Berkshire Hathaway. This stuff was published earlier elsewhere...
For this I paid close to $400. Geez.
On the other hand there's an interview with C. Brandes of the eponymous (I LIKE that word -g-) fund. He has recommended BAT industries, also mentioned here (this thread) by someone. Not too much info. (Nothing not already in VL I would guess), but it's an idea. And all you (I) need is one (or maybe two) and maybe the mag. pays for itself. Plus, there's been - in past- some good articles about how value investors think. For example discussion (pro and con) by top people about Buffet's Wells Fargo investment when it was about $65 in 1991(?). Most of the top investment managers have been interviewed. I like that. (I subscribed in early '90's, but dropped because I didn't see value as price sky rocketed. Tried it again last year (1 yr subscription).
There's an OID website. Going through my notes I came across it recently. This may be of interest. There's a conference coming up in which apparently a couple of dozen companies will participate. I've gone through the list... there may indeed be some value stocks there ... or some with a story which maybe were or are sponsored or recommended by people interviwed in OID.
My subscription renewal notice says something about OID will be published 10 times per year. I find this bizarre, given that I've only got one issue in '97, and it's not chuck full of ideas. I'm seriously considering not renewing. Anybody with info or opinions why they are renewing, I'd like to hear from them.
As far as discussing each investment idea OIM reports, I would be against that. It probably is not possible given the large number of ideas in each OID publication. Maybe might be construed as stealing from the work of the publisher and kind of slamming the people who do pay their money for his stock reports.
Paul Senior |
