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Technology Stocks : Speedfam [SFAM] Lovers Unite ! -- Ignore unavailable to you. Want to Upgrade?

To: Demosthenes who wrote (3458)	7/23/1999 9:29:00 AM
From: Kirk ©	Respond to of 3736

re: We have both read David Dremond lately. We know he likes big companies, but isn't a company like SFAM a target using his strategy? Hmmmm... agree with target for a buy, but not sure if his strategy says anything about this other than buy when all are selling. Problem is with buying when all are selling is you often have to wait awhile for the turn to come. To try and shorten the wait, I decided to wait until it started moving and got some in high $12s on a recent trip to $17, but it seems to have come back to support levels again, so I am down overall a bit. For a buyout, I suppose you look at the whole business in pieces and see what it is worth to someone looking to expand and hope there isn't alot of overlap so it gets a higher valuation. My position is fairly small so I haven't spent a ton of time on it. Probably should start looking at book value, etc... Overall, I was not too surprised to see a huge loss. You expect them to toss EVERY LEGAL writeoff they can into a single bad quarter to purge them all at once so the remaining quarters can look all that much better. I may add if we get further weakness just to satisfy my bottom-fisher addiction. 8) K