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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (5624)1/1/1999 9:44:00 PM
From: Robert Hoefer  Read Replies (1) of 78717
 
Paul, I can't believe you bought Schlotzky's. I seem to be mimicking you without knowing. And at the same price, 9.50. The bread is the secret. Thursday was indeed a nice change of pace for small caps. I thought there must have been some mistake. Have you followed Morgan Products (MGN)? At about 2.50 I thought it was undervalued. Now they announce they are buying a company about the same size as them using bank debt. Now it's at 3.50. I figure if you double the size of the company, you should double the price, right? Maybe the discount is due to the fact that the deal is not yet complete, or no one is back from vacation yet. I'll check out that ELAMF you mentioned. EQS is just sliding down for some reason. Their web site posts the discount from NAV daily, but it hasn't worked lately. I think it's much too cheap.
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