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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (2602)12/3/1997 1:38:00 AM
From: TimbaBear  Read Replies (2) of 78611
 
Went searching for POSNY web site and got it but Mike beat me to it....have book-marked it and will look at it a bit later.

We like Carnival Cruise Lines (CCL) for investment purposes....my wife is a cruise addict and we go on several a year.....I like the cruises but not so many, it de-focuses me and it takes me a long time to get the ball rolling again when I get back.....she has found a fellow cruise-a-holic in her mother and so they are now going to go on some of those together and I will stay home and work.

Obviously, I drew different conclusions from the TASA data....I think they have turned the corner and I also believe that a big push is going to be made over the next few years to raise the literacy levels of our children....will be timed for the presidential campaign, probably......if I'm right, then literacy testing will be important.

I think we will see clearer signs of direction when the quarterly report comes out....should be out by mid-December.....quarter ended on October 31.....will let you know when I find out

Maybe my position is too large, I don't think it is. It doesn't represent a huge portion of my retirement planning.....However, I am targeting a very large rate of return for my portfolio performance....and therefore am willing to accept some risk.....I feel that risk can be largely affected by diligent homework.....Berkshire Hathaway doesn't average 20+%/year return by playing the game super conservatively, they get that kind of return by doing their homework and then taking large positions based on their findings.....a 10 Billion dollar investment in the bond market is a lot of eggs :)

I feel that TASA can easily move to $2/share. and probably will do so within the next 12 months.....I will start taking profits when I feel that they are fairly valued or when another analysis of the financials leads me to change my outlook.....I have no problem taking profits, that's the only reason I'm in this game.

Thank you for taking your time and looking at this company, I will keep you posted if you want.

Tim

PS- my ISP disconnected me...sorry for the partial message previously!
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