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Strategies & Market Trends : Value Investing

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To: Scott Mc who wrote (4257)6/11/1998 9:48:00 AM
From: Paul Senior  Read Replies (1) of 78958
 
re: UAM. When I looked at it last year, I liked the increasing div., low pe, and fact that several very savvy money managers were buying. What I didn't like was the negative article in Forbes, the gist of which seemed to me to be that, UAM - in order to buy up asset managers - structured deals to allow quite a bit of autonomy to these fund managers. The drawback is that there was (and is) very little that UAM can do to bring about focus, synergies or cost savings to their many acquisitions. That's why I passed-- although the UAM stock went on to do very well without me -g-. Paul
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