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Strategies & Market Trends : Value Investing

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To: bruwin who wrote (62026)	5/20/2019 9:46:15 AM
From: Wallace Rivers	Read Replies (2) of 78669

If you're a long term investor, like WEB, and you believe in the company business model, then entry price is relatively unimportant. I consider myself a value investor, although I have some LTBH with low basis that I don't jettison because of the low basis. As a value investor with price sensitivity, I do attempt to get what I consider attractive entry levels. Thus, the Tusa reference. He's been spot on with GE, I wouldn't bet against him with his analysis of MMM. I feel MMM will become an attractive blue chip at some point, just not at a PE ratio of 18 with the business model challenged at present. I do believe a Tusa upgrade would be significant, and might be the green light for purchase. Tusa is one of the most powerful analysts on the Street. I apologize if I have wandered off the stated mission of this thread on MMM.

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