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

To: Bob Rudd who wrote (7700)	7/8/1999 5:01:00 PM
From: Terrapin	Read Replies (1) \| Respond to of 78781

re: WMI I agree on deeper problems. There is probably a thread dedicated to this type of "broken value" situation. I would be looking for fundamental changes such as new management, a new, large outside investor to shake up the board, greater contact with analysts... This one doesn't look as dismal as some that I have watched but if you can't trust the management then anything can happen. Witness the former CCA, now PZN. Patience on the buy decision has served me well in these cases but I'm not sure if I'm going to bite on this one.

To: Bob Rudd who wrote (7700)	7/29/1999 6:52:00 PM
From: Bob Rudd	Read Replies (2) \| Respond to of 78781

WMI, Got back in @26 today. Had bought and sold around 34 figuring more bad news to come. Got it today. I think Rod Hills, former SEC head and lead guy on the board's audit committee is going clean the game up. Sentiment is ugly, analysts are pissed and there's not gonna be firm guidance till 8/16. I listend to CC and placed a small initial bet. The industry quote.yahoo.com Other changes: Prior to recent trip to Switzerland, sold USG @58 for 10 point gain..still think it's undervalued but concerned about selloff despite good numbers Also Sold Lumi for 20% gain when they announced a net strategy that didn't make sense to me.