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

To: Sam Citron who wrote (8741)	10/24/1999 6:39:00 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78656

>> I am usually uncomfortable with classical value >>plays i.e. shoddy companies under X value. >I believe that the definition of value must include >metrics for identification of bargains, but must also >include qualitative parameters to screen out such dogs. Not necessarily. I agree with James that a net-net will always have warts. And yet it may be a great investment. I am just not comfortable with it. So I allow pro - Marty Whitman from TAVFX - to do it for me. Only he's not doing very well either. >MAT I bought it strictly for the franchise with eyes shut on numbers. I don't think they have a rational strategy - that's why they idiotically bought TLC. Yet, at this point, I don't care. The stock is cheap enough. I think that they can make $2 EPS again and trade at PE 20 bringing us to ~$40. Can the stock go lower? Sure. Down to $5 or so. At which point KKR will buy MAT for $10, and I lose. :-) If you prefer HAS, the price is attractive too. Jurgis