Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : SPIN-OFFS "secret hiding places of stock market profits" -- Ignore unavailable to you. Want to Upgrade?

To: Stewart Whitman who wrote (327)	7/5/1999 8:00:00 PM
From: valueminded	Read Replies (1) \| Respond to of 1185

Stew: Thanks for responce, interesting you mention TEN, I recently established a position in it. Another one I am examining is KEA. You may want to tak a look. It has taken on water due to the "y2k" slowdown but it is rare imo that you can buy into a software company at ~1x sales ~15x earnings. For safety, I usually enter these postions as buy writes to give further protection on the downside. In terms of CTZ, I am anticipating either an earnings miss or an announcement of a slowdown as the higher rates cut back on the refinancing volume. (I did not mean high rates, just higher than over the past 12 mo) If this causes a selloff, I will be in as I agree with you, good business, good returns, decent dividend and most importantly, getting to a fair price.

To: Stewart Whitman who wrote (327)	8/6/1999 12:42:00 PM
From: valueminded	Read Replies (1) \| Respond to of 1185

Stewart: I guess I waited too long on CTZ, was hoping for low 30's and missed by a few dollars. At one time in past, you said you liked TEN, as I investigate it, I am increasiningly concerned about the debt on the balance sheet, the amount of "goodwill and intagibles" as a percentage of book value. It would seem that this one could head much lower excepting the cash flow which looks good. How did you evaluate and what type of target numbers (for the combined companies) are you looking for post spinoff of the packaging division. thanks