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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (3106)	1/27/1998 10:22:00 PM
From: Paul Senior	Read Replies (1) of 78576

Re GNT: Lots of bad news today. Restated 1996 earnings. And oh the lawsuits that'll be forthcoming. Downgraded debt today by at least one agency. At least two brokerage downgrades. The featured negative spread in Motley. Let's see. That'd be every journalist I know of who has looked at this stock or similar (Motley, Mike Burry, and Jim Jubak (6/10/97)) who has concluded, that since earnings are subject to revision so easily, it's not reasonable to put any faith in any of current or future earnings, and the sensible thing to do is to pass by GNT and this ilk. So true. The stock has now hurt almost every long it seems. And I guess that anybody who even gave GNT a second chance is now thinking about or actually getting out - throwing in the towel on this one. So of course -g-, I've bought a little more GNT today.

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