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Strategies & Market Trends : Value Investing

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To: MCsweet who wrote (25400)	11/29/2006 8:27:16 PM
From: anializer	Read Replies (1) of 78715

I'm not in any hurry to buy and have non productive funds at work. I just keep in mind that value stocks usually don't look good when they represent value, and when companies are in trouble the foresight to envision how they will become good businesses again is a gift I don't have. In fact the last 12 month earnings were in large part interest on the cash hoard. Take a stock like TWI which I was buying at $2-3. The Company was in trouble and looked like bankruptcy was possible. Not having the fundamental foresight to envision the mining boom and shortage of large wheels that would develop, I never participated in this move. All I knew was that it looked like a value on the books but bankruptcy if they continued the losses at that rate. What saved them was some financial restructuring and the subsequent mining boom. finance.yahoo.com Oh Lord, Give me the wisdom!

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