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Strategies & Market Trends : Value Investing

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To: Dale Baker who wrote (25100)10/23/2006 3:58:08 PM
From: Paul Senior  Read Replies (1) of 78746
 
I've got small orders out for several cigar butts, but mostly I can't seem to get my price. Maybe lots more people scouring the ground for these things. Or maybe I'm a little too conservative in my bids.

Picked up a little INHX today. A biotech development-stage company. I will bet and hope that before the company burns through its cash, the stock might once again rise up. Stock is selling now below cash value, as mentioned by Hatteras on 50% Gains thread. Of course, one is really never sure with these development-stage companies which not only don't have earnings, but hardly have sales, that there's really any margin of safety just because they sell below cash on hand.

Just a few shares of SVN. Newspapers in the Chicago market. (It's the old Hollinger.) Terrible history as regards profitability. Ad market continues down now too. According to Yahoo, company has lots of cash, not much ltd. If so, company - and maybe me too - can wait it out for a year or two for better times. For buying just a few shares here I'm willing to assume SVN's business might be bottoming out, but that it still exists.

finance.yahoo.com
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