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

To: LauA who wrote (8842)	11/2/1999 12:27:00 AM
From: James Clarke	Read Replies (3) \| Respond to of 78627

Just bought another net-net with a 30% margin of safety, and this one is reasonably liquid for a net-net - 50-100MM in market cap - I forgot to check whether its on Mike's list - just checked - it is not. And I've got another one in the hopper that is a borderline institutional quality company at a 30%+ margin of safety I have not bought yet - and today it hit another new low, so no shame in waiting on the sidelines. This one isn't on Mikes list either, though both should be - his 50% or less debt screen shouldn't have ruled either of these out since one has no debt and the other just a little. By no means meant as a put-down to Mike - that screen is the best I've seen in public. I run my own privately on a weekly basis. So we update the JJC net-net portfolio, and it is starting to be a portfolio for the first time. I have never had more than two of these at a time. Now I owe you guys three names when the time is right. Yikes - you're going to be screaming at me soon if I don't deliver the goods! In order of preference. Elder Beerman Mystery net-net 2 Maxwell Shoe Mystery net-net 3 Lazare Kaplan Mystery net-net 1 I promise, I'll tell. But these aren't easy to buy, especially when you're trying to buy a couple of them institutionally - i.e. 100,000 shares without moving the price takes a while. JJC