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Gold/Mining/Energy : maverick (MAVK)

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To: Mike Yiu who wrote (116)3/18/1998 1:41:00 PM
From: Adam Nash  Read Replies (1) of 432
 
I'm here. Couldn't resist yesterday and bought more at 14 3/4. I'm sorry, but paying less that 10x earnings in this market is like a breath of fresh air.

Last summer, I was reading The Intelligent Investor by Ben Graham. In it, he is talking about discounted cash flows and buying companies at no more than .7 of book value. I see very little similarity to this market, unfortunately.

Anyway, I'm not worried about when MAVK will turn the quarter anymore. If the company feels strongly enough about 1998 results to post them in a press release, then either 1) They don't feel lawyers enough or 2) They are very sure they'll make those numbers.
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