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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (3409)3/3/1998 1:10:00 AM
From: James Clarke  Read Replies (2) of 78644
 
New Valley. When I read it in Barrons it sounded too good to be true. My best value investments were too good to be true, but this one sounded just a little too good. Are there assets to cover the interest payments? If so, why are the payments accrued? Is there some hidden liability? Russian real estate...OK, you wrote that off to zero. If you have done your homework, now you've bought it - fill us in. If you bought that just off the Barrons article, I hope that's just "play money". Remember, that investor in Barrons only manages $15 million. He talked a good game, but if he had any kind of track record, I would think he would have attracted more investors. There are several reasons for skepticism.

On the other hand, I was intrigued by the article too. Reading (RDGE) looked most interesting to me as a Ben Graham investment. But there are so many classes of stock and hidden options that we're talking a lot of research before I can be comfortable. I won't invest until I do enough homework to be comfortable, but I read the 10-K and things check so far. That is only the start of my research. It might take weeks to make an educated decision on this one. But it does look interesting so far. And it didn't move much today off the Barrons story.
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