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


To: Terrapin who wrote (8564)10/8/1999 1:42:00 PM
From: LauA  Read Replies (1) | Respond to of 78486
 
XRX - a shot from the hip: their PSR is >1 even after this 'haircut'. It looks like they suffer from the syndrome of 'one time' write-downs. They have a lot of debt. Even at this price, on first cut, they don't look cheap for a technology company.

Lau



To: Terrapin who wrote (8564)10/8/1999 3:20:00 PM
From: jeffbas  Read Replies (2) | Respond to of 78486
 
<<I have not done too well with these since the ones that I buy
tend to continue lower in fits and starts.>>

I think that is because the first disappointment is often not the last, and a lot of times the fundamentals have materially changed.
A better strategy I have found by watching stocks I own is to add/buy
ones with a positive surprise if the price is still reasonable -- because the reverse is often the case.