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Strategies & Market Trends : Value Investing

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To: Thomas Haegin who wrote (2708)	12/10/1997 12:14:00 AM
From: James Clarke	Read Replies (1) of 78567

Chapter 11 for Oxford? Let me go out on a limb and just speculate that the company, however unpopular, is not going to go bankrupt SINCE IT DOESN'T HAVE ANY DEBT. Another reality check. You don't scare a value investor off by pointing out that a stock that has fallen from 80 and change to 20 in two months has some serious flaws. I don't want to ruin the family tone of this site, but my verbal response would be "No s__t" (sorry Mike) Reading between the lines of the Wall Street Journal article the other day, I saw that they are still retaining customers. Thats what matters to me. I'm not betting that earnings are going to meet the old Wall Street estimates. I'm just betting that the franchise is still somewhat intact. I'm not going to promise anything or mortgage the house to buy more of Oxford, but this has every characteristic of a winning value investment. If they can't capitalize on their East Coast franchise because they can't work a computer, Pacificare or Aetna will be happy to do it for them. OK, I'm testy. I lost money today... BTW, take a good look at U.S. Can (USC). Its cheap and has a very clear catalyst. I'll post more later.

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