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

To: jeffbas who wrote (8841)	11/1/1999 11:54:00 PM
From: LauA	Read Replies (1) \| Respond to of 78626

Jeffrey - my understanding was that they have a passive exposure to SOC. When SOC works down inventory, builds for them may increase. You may be correct that GAI is looking to buy someone else. Or they may look to get bought. Or they may continue to buy back shares. In any case, net-nets sell at net-net for reason(s). Maybe something good will come along. The other recent mention I found intriguing is VUL. I have followed up on the securities. On the Yahoo board for VUL someone has posted them to the great consternation of the company. The valuation appears to be accurate. I had personal experience with the liquidation of American Controlled Industries (ACI) which was run by the same folks. ACI was dismantled in a fashion that appeared to be very favorable to shareholders. I would not be shocked if VUL were to distribute these shares on a pro-rata basis as a return of capital as part of the ultimate winding up of the business. The question would be when? But with the principals in their 70's, it's can't be too far off. Meanwhile, I don't mind betting on a basket containing midwestern banks, RBOC's, and electric utilities. Even if the market cratered, the NAV should be above current stock price on VUL. The Michigan forest land, Tennessee foam rubber factory, bowling pin joint venture, and downtown Cincinnati building are fungible assets. I bought some. Lau