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Strategies & Market Trends : Value Investing
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To: Wallace Rivers who wrote (7114)5/11/1999 8:34:00 AM
From: jeffbas  Read Replies (1) of 78464
 
I agree with everything that you said, but IF the business is never going to get better, and may get worse then the traditional idea of value really has to be pushed to include the cost of reducing capacity in the industry, etc. Cards will never be "buggy whips" but the value investors and takeover artists in the buggy whip business got burned.
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