Graham and Doddsville -- Value Investing In The New Era Message Board

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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: Freedom Fighter who wrote (1312)	2/19/1999 8:37:00 PM
From: porcupine --''''>	Read Replies (1) of 1722

"I don't remember who it was, but it WAS a household name. Maybe Gabelli???" I think that's right. And, I think it took Mr. Market an awfully long-time to agree with him. "I could never understand the values based on earnings so I just skipped by them. Most of them don't have any earnings." Same here. I forgot to mention in the posting to Daniel that one of the analogies of cable tv to railroads is repeated bankruptcies and reorganizations. "Yet some very smart people pay some very big prices for the assets." If I recall correctly the gist of a Barron's piece of about 6 months ago, the ship came in for cable stocks when they started making money off the sports teams they owned. But, I think the pipeline itself has always had trouble earning back its capital outlays.

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