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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (33889)3/20/2009 12:48:15 AM
From: Paul Senior  Read Replies (2) of 78921
 
I'm not so willing to buy any either. I have several cash-rich companies (stock selling below cash) and they have been, and are, doing lousy. Perhaps worse, I've bought some stocks that have declined to where they now sell at their cash level. On their list of ten, I have a miniscule few shares of SOAP, and a few shares of TRID (held from the $4-6 area to today's $1.47). I likely won't buy or add to any of these on the list. Even the author(s) of the article don't own any.

I have assumed that something would help at least some of the cash rich stocks I have - an activist investor or company making a buyout offer; the company itself returning money to stockholders; business results improving. Nothing seems to have helped any of these companies' stocks though. Perhaps it's just the current market environment. Maybe some of these stocks will rise if the stock market improves. I have my doubts though.
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