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Strategies & Market Trends : Value Investing

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To: Andrew who wrote (4052)5/12/1998 11:51:00 AM
From: James Clarke  Read Replies (1) of 78523
 
PSO. Read the proxy. The majority of the stock is controlled by three large owners, presumably the founders. And you asked are they managing the assets to their maximum advantage? Its a net-net, so of course not. If you find a net-net and it looks like a great business with great management, step back because you're missing something. We should expect to find a lot of warts.
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