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Pastimes : From A to Zeev" -- SI Sacks Zeev

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To: Zeev Hed who wrote (126)1/4/1998 8:30:00 AM
From: Jack Clarke  Read Replies (1) of 708
 
Zeev,

I know you like MRK as a "core" holding, and certainly selling covered calls is a nice way to get some extra income. My question is, do you think MRK is a buy at current prices? If I had bought it at half its current price, I'd keep it as a "core" too. But I can say that for lots of stocks. Warren Buffett likes KO. OK, but wonder at what price he acquired it and if he's buying more now?

My problem is I just can't find any value in most of the stocks I research. Yeah, I know, and that's why I've missed the last several thousand points of this Bull. All those overvalued stocks got even more overvalued.

Jack
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