FSII - The Worst is Over? Message Board

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Technology Stocks : FSII - The Worst is Over?

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To: Sparky65 who wrote (1462)	9/23/1997 9:51:00 PM
From: Joe Dancy	of 2754

Forbes, October 6th: "The Master and the Apprentice" - a story on Martin Whitman and Curtis Jensen of the Third Avenue Value Fund - get a load of these quotes: they bought early but knew that "the long term picture would be spectacular, with chips likely to be incorporated into everything from cars to credit cards. . . .Jensen remains especially keen on FSI, a semiconductor equipment supplier that is trading at less than twice book value. The company's earnings lagged during a capacity expansion. But, says Jensen, it has $100 million in cash against $40 milion in long term debt. And he likes the management." Page 126. Check it out, the good news continues to roll. These guys were buying a year ago also Sparky, and apparently are not complaining since they like what they see. By the way, the Third Avenue Value fund outperforms the S&P by 3.5% the last seven years with 40% less risk according to the article, so apparently these guys know what they are doing -just like us -g- . Best - Joe

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