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Strategies & Market Trends : Value Investing

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To: Ron Bower who wrote (3703)3/31/1998 11:34:00 PM
From: Kent J. Davis  Read Replies (2) of 78523
 
Ron,
I'm glad you took the hit early TSEMF; it is so easy to jump on these value stocks too early. Once they drop below book ( what I call the inversion point) it is as if the ship has capsized. It can take even the best of managements a long time to get things straightened out. Taking losses to me is a good sign that they realize that they must trade at a premium to book in order to avoid liquidation.
There will be a time to buy TSEMF, and it will probably get very cheap. Do you have any others trading at a significant discount to book and with debt to equity under 30%? I had AWII but they are being acquired and I need a new parking place.
Thanks Kent
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