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Pastimes : Curious George - Myth or Legend - Help Needed
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To: george harriman who wrote (38)5/17/1998 2:10:00 PM
From: Area51   of 60
 
I've had similar experiences buying stocks that are down significantly down from their highs (I remember thinking that SHVA looked cheap at 18 after coming down from the seventies; ouch! I guess that's why they say don't try to catch a falling knife). Still I like buying stocks at reasonable price/sales ratios, and reasonable PE relative to their growth rates and relative to other firms in their industry, and don't have the follow the herd mentality so I like to find good companies that are (temporarily I hope) in disfavor.
CS at least looks to have put in a possible bottom, and seemed to have good support around 13, even before their recent news announcements. I've been accumulating recently, because I liked their recent news announcements, and I'm guessing that Craig Benson would have wanted to keep Don Reed around so that he could deflect some of the blame if he thought that CS was going to continue to disappoint. Analyst sentiment, and sentiment on the chat threads seems to be turning decidedly positive. They are also in the S&P 500 so I think when/if it starts going back up all the index funds will have to buy more. This is a little speculative because there's no solid evidence that the turnaround is in place yet, but the risk/reward ratio seems large, given that they have no debt, and an established customer base that is willing to pay a premium for quality products. JeffB on the yahoo thread had a list of 10 reasons for buying that made sense to me (including the potential for industry consolidation due to possible buyouts).
regarding fighting: I noticed that TLC may have made some veal threats and chicken assaults toward your character. But i think TLC is okay, that he is mostly into using parody for entertainment purposes but also makes some good points occasionally. One person once attacked me but I let it slide off like water off a duck's back. I think we should try and enjoy the many positives here, and ignore the few negatives. I find SI much more civil than yahoo in general, although many of the lesser followed threads on yahoo (including CS) are civil. It seems the real attention needing people tend to post to the most popular threads where they can get the most attention.
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