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Strategies & Market Trends : Value Investing

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To: Axel Gunderson who wrote (4840)8/28/1998 10:21:00 PM
From: Paul Senior  Read Replies (2) of 78596
 
What's this? Am I one of the few actually buying these companies? TOY is a buy. You are seeing a couple of professional value investors - if you are diligent in following these things - coming public saying they are buying TOY at these prices. Great franchise, low price (pe), new management. I'm building my position back up again (started in '95, sold most in '97 and '98). Two years from now I think I can repeat with profitable sales again.

Cooper Tire is a buy. Right, it's a mundane company. But it can and does make money. By my calculations and review, now is the time to start a position -- and I have, as I've posted here before.

Not saying these are companies for anyone else to buy. Prices on some of these other companies look good also. Plenty of value investments out there now.

Any time someone posts here on this thread and says something to the effect "my gut tells me"--- you can be sure there's a crossed wire between that someone's value analysis and their ability to start or maintain a position based on their mental processes. Get screwed up between head and heart. Lousy way to invest IMO. Senior.

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