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Strategies & Market Trends : Value Investing

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To: dj8000 who wrote (5139)10/10/1998 11:52:00 PM
From: Paul Senior  Read Replies (3) of 78911
 
dj8000, Yes, you have a good point there. And there has been support on this thread for your view that in this type of market, investment $ should go to, or will go to, the large cap, big leading companies.

The public record is very new for LHO - yes that's true. That does add additional concern, perhaps also additional risk. Very hard at this point to tell if the drop in LHO stock is due to LHO itself or due to the more general condition of it being in the out-of-favor category of Hotel-REIT or just maybe because it's a small cap stock. For me, I think it's worth taking a risk on the stock. Although I can understand how someone could say the company's public record is too new for a value investor to make an investment in it. Seems like I recall Dr. Graham saying he looked at the 10 year history. So LHO would not qualify.
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