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Strategies & Market Trends : Value Investing

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To: Allen Furlan who wrote (6096)	2/23/1999 7:31:00 PM
From: James Clarke	Read Replies (1) of 78507

And the other point to make on SRV, LWN...why these should be great businesses...is a painful one to anybody who has ever had to be a customer. The customer has to make a decision quick. The customer has a bunch of other things to do as well. And the customer is greiving over a loss. The bottom line is that the customer is probably not going to comparison shop. I came down very skeptical on SRV a few weeks ago and have done a lot of homework since. Most of my previous concerns have been adequately explained. The company's accounting is extremely difficult to understand and really throws you off - it looks like no other business's accounting I have ever seen. But I think its clean. That was my concern. Having satisfied myself that the accounting is clean, the stock is a buy in my book at the current price. JJC

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