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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (46372)	1/31/2012 1:46:51 PM
From: Paul Senior	Read Replies (2) of 78748

RSH. I am buying a few shares. If I look at the company from a business model perspective and from what the media are saying, then this company may not have a viable (growing) business. Maybe the company was hiding as a cigar butt before, but it sure seems confirmed as one now. Margins are shrinking and media mavens today say there may be no end in sight. Just looking at the company's history, and its balance sheet, there are positives, as benbuffett has mentioned. I'll view the company now as a cigar butt with a still-okay balance sheet (cash= debt) and company is still profitable. And so on that basis, I'll take a few more shares at $7.28. I expect I may never see the stock hit my original cost basis (about $14-$15/sh); maybe though I might see $10, if the company can maintain its profitability, and doesn't just fade away like its old Heathkits (-g), The pride/shame ratio feels very skewed toward shame today for anyone admitting to being a buyer (or holder) of RSH.

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