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

To: jeffbas who wrote (8710)	10/21/1999 7:19:00 PM
From: Madharry	Respond to of 78651

Once again you have hit the nail on the head. This year I chose between two technology stocks- one had sharply accelerating sales but no book value. The other was selling for 1/2 of its bookvalue and seemed to have prospects for a turn around. I chose the latter because it appeared less risky. The former has quadrupled in value and the latter has lost a third of its value as it continues to "turn around". The clincher is that I knew that the management of the latter company was questionable at best whereas I had no opinion on the former company. I shall try to remember those words in the future when I ponder a similar decision.