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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (5457)	12/18/1998 12:46:00 AM
From: LauA	Read Replies (2) of 78744

CYM - please indulge me with your method for determining that this is a 'value' stock. I saw the original suggestion, so I dutifully went to Value Line as Charlie Munger has told us to. Aside from their thumbs down recommendation, the numbers and text were relatively understandable. Debt is big. My remembrance is that the dividend could be in question. So then I went to the 10K and saw that their operations were everywhere. They were selling coal properties in Appalachia (sp), but keeping them elsewhere in the Midwest and West. They had molybendenum mines that were of questionable profitability. And copper mines were in this country, Peru, and Chile. Lithium was a loser that they are exiting. Finally they had merged Amax Gold into Kinross. How do you value this? I just gave up. On the otherhand, I confess that I'm a 'January Effect' addict such that I bit into IBC and HLX which have been mentioned here. Also LNN, YLF, and VANS. And I wondered about WALBP - That 15% cumulative dividend looks yummy, but is this just a 'falling knife'?

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