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Strategies & Market Trends : Value Investing

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To: jeffbas who wrote (2574)11/30/1997 11:17:00 PM
From: Paul Senior  Read Replies (1) of 78597
 
Jeffrey Bash: re TECUA. No, I know of no positive fundamental catalyst here. Stock buyback, their first, 1M of 22M out. announced last week. They have global operations; negative revolves around some pain now with Brazil apparently. Stock has often traded at 1.3x book. I see this happening again - but may happen more later than more sooner. So buying decision could indeed involve a time-value-of-money consideration for some people. 1.3x 45bv = $58 up from closing price of 49+ now. Meanwhile, bv and div. have been steady risers. That div of 2.5% should also, of course, be considered part of the total return the investor gets with this stock. ..... I'm thinking about it....
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