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Strategies & Market Trends : Value Investing

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To: Ron Bower who wrote (3722)4/1/1998 8:28:00 PM
From: James Clarke  Read Replies (2) of 78516
 
<<what found St. Joe and WHX? Certainly wasn't P/E>>
For WHX it was P/B (with some help from Mike Burry). For St. Joe it was P/B but adjusted for the real value of the assets. St. Joe would never have come up in a low price book screen because the valuable assets were on the balance sheet at cost 50 years ago.
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