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Strategies & Market Trends : Value Investing

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To: Marc Hyman who wrote (25709)1/11/2007 10:45:22 PM
From: Paul Senior  Read Replies (1) of 78644
 
Well, I'm not a fan of Mr. Zell, the head guy of Capital Trust.

I bought stock in two of his companies in which he was buying stock at the time. Both subsequently went right into bankruptcy. One was a cruise ship company that was unusual in being USA based and therefore unique in that it could travel between USA ports (Hawaii and mainland)without having to stop at foreign ports. Another was a restaurant chain, Chart House I believe. He took over and subsequently he/his surrogate led the company right into bk.

Maybe it's just reits/real estate where he has the magic touch. CT could've been a buy and maybe still is.

For me, with my history with Mr. Zell's companies, I'd rather pass than maybe get burned yet a third time. I doubt I would've been a buyer of CT had I even seen CT at its lower prices.
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