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

To: David who wrote (8043)	8/24/1999 10:39:00 PM
From: James Clarke	Read Replies (1) \| Respond to of 78817

At half of book value, "dull" is exactly what you want. The way you lose if you buy a business at half of book value is if there is something exciting going on. JJC

To: David who wrote (8043)	8/26/1999 6:47:00 PM
From: Robert Hoefer	Respond to of 78817

David, I did just talk to my mom and asked about Elder Beerman's store. She remembered that Max Guttman retired from there about ten years ago and it started going downhill. So he came back and got it back into shape again. She was aware that the stock had tanked and thought it best to stay away from it. She mentioned that it was always a family run company and that some people were still loyal to it becuase it was local. She said some people still don't shop at Lazarus (used to be Rike's) because of that loyalty. I'm guessing that wouldn't apply to younger people who wouldn't know. She thought the flagship store in Courthouse Square would have a hard time making it, since the only business they get is from the business crowd doing lunchtime shopping. However it has been there a long time. As for the store condition, she still frequents the stores and has no complaints.