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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Mike 2.0 who wrote (7471)	6/8/1999 10:48:00 AM
From: Bob Rudd	Respond to of 78652

Mike: <<...so take my comments with a grain>> You hopped on to the idea that grain was a pun way too soon. I'm not that clever. BREW... At this point I'm disinclined to bet on merger consummations. I just tend to think the fellow on the other side of the trade knows the odds better than I because I haven't studied the methods and wouldn't put enough into the individual situations to justify the research. The maximum reward would be 11%...not bad if the deal closes quickly at about that price, but if buyout of BREW goes flat... It looks like it was trading a bit above 5 when the deal hit. That's 40+% downside for 11% upside. Not odds I like in a game I don't really know how to play. But thanks for the heads up, bob

To: Mike 2.0 who wrote (7471)	6/8/1999 1:05:00 PM
From: Freedom Fighter	Read Replies (2) \| Respond to of 78652

Beer Cos. Sam Adams is not as bad as some of the others. The current environment is tough, the business is fragmented and very competitive, and they're having trouble growing sales, but the company has a terrific beer (take my word for it). It's the best American brew. The company also has excess cash on the balance sheet. Subtract out the cash and associated interest and it looks kind of cheap on earnings. I don't have a position in it right now, but it's on my watch list for any stock price decline or some positive sales news. Wayne