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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (2576)	12/2/1997 9:33:00 AM
From: Paul Senior	of 78622

James: TECUA (& VO). Thanks for cautionary note. I don't see anything, but based on what you say, I'll step back from this. In this kind of market, where so many stocks have moved up (some of which have later tumbled), I'm leery of stocks which have not moved up or have continued to decline. These are possibly real dogs with reasons for their not moving up. Very dangerous to buy them IMO. Even if value is there, there's maybe a good reason for the stock not moving. TECUA could fit easily in that picture. I'm also looking at Seagrams (VO) off its lows. Here's a stock with obvious business value and franchise, but like TECUA, moving apparently for no reason against the market. Probably same thing w/VO as TECUA. There's a reason everybody's (the market) down on VO - it's just that I don't know what it is.

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