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Strategies & Market Trends : Value Investing

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From: Paul Senior8/22/2006 10:38:38 PM
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I'll pull a few shares of Paragon Tech off from the new lows list.

The thing about this near cigar-butt is that at $7.22/sh. there's about $4.45 in cash/marketable securities (and no ltd) behind each share. That ought to provide some maneuvering room to the company. For me, it's a revision-to-mean idea: Maybe the stock will trade closer again to 2x book value where it's sometimes been previously. (It's at 1.64 now.) OTOH, maybe business or the stock market will be punk enough that the stock could drop further.

Just a very small exploratory bet for me now.

finance.yahoo.com
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