Wallace: re: ROAC. Well, this one might work out okay also. Looks like it could be or is a steady, real business. On the other hand, p/bv, psr, pe(current) don't jump out (to me) as screaming bargains. Based on estimated future pe--looks to be a nice,steady business -- maybe okay to go out in the future a little with this relatively new issue --- current price might be the floor.
On the other hand --g--, giving some more thought to argument that value stocks will drop as large caps come down, and so drag value stocks even lower... well maybe here's a situation for example, that, at this point in time, large caps stocks could now drive investors away from (not necessarily out of)such small caps. My argument is thus this: Why buy this particular small cap stock now when we (I think) are seeing (I think)bargains also among larger cap, established co's. that also have good prospects and similar or better p/bv, pe, psr numbers? Paul. |
