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Strategies & Market Trends : Value Investing

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To: Brendan W who wrote (5903)1/29/1999 1:32:00 PM
From: James Clarke  Read Replies (2) of 78507
 
Don't have the Ralston financials in front of me, so I can't help you there.

Service Corp...I've been mucking through the 10-K. What a strange business. The financials scare me in a way, because the historical numbers do not look like they "should" in my experience. Its hard to specify, but just a suspicion I get. Your risk here is that there is massive accounting fraud - that would not surprise me at all. But with it already down 60%, how bad could it be? That's what Oxford looked like at 20 on the way to 3, and that's what Cendent looked like at 20 on the way to 8.
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