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

To: Paul Senior who wrote (8960)	11/15/1999 3:05:00 PM
From: Madharry	Read Replies (1) \| Respond to of 78615

Made a big investment today in MRVC. Similar value play to ORTL. Company is developing several divisions for future IPOs, but most interesting is a Fiber-OPtic play called new access. Partners in this venture are Kleiner Perkins and Juniper Networks- Although no official release on this from MRVC. website of New Access lists strong management. IF any of you have an interest in this suggest you check the SI thread on MRVC which is excellent. Also in light of the CHina news I purchased a smaller interest for the first time in MMG, which has telecommunication interests in Russia, Eastern Europe and China. The company was getting lots of grief from the CHinese government about its interests there, hence I believe this is an undervalued play, received detailed writeup in Barrons awhile back and now a china catalyst may move the stock up significantly. News COrp now has a 10% interest, and may will be a future acquirer. Comments?

To: Paul Senior who wrote (8960)	11/15/1999 11:04:00 PM
From: James Clarke	Read Replies (1) \| Respond to of 78615

Didn't J (Jackpot) blow the cash to take over Players Club a year ago? Did that deal fall through? I looked at J two or three years ago and almost bought it for the large cash balance. Looking at the chart, good thing I didn't. I don't think SLOT is the right sell, though. Prospects are getting better, and they have a few aces up their sleeve. The stock remains cheap - when I bought it in the low 40s, I saw a valuation of 70-90. Look for them to land the New York Lottery contract for the next leg up. JJC

To: Paul Senior who wrote (8960)	11/16/1999 3:02:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78615

Buying today NWPX. Northwest Pipe Co has steadily increasing sales, sells near its lows, has a relatively low psr, and its current price is a bit below stated book value. Price/EBITD is about 2.5. Shares outstanding are increasing and the Co. is taking on increasing LTD. (d/e is about .84) P/E is relatively low. Co. (imo) should be able to benefit from gov't spending on highway and environmental programs. Looks to me like a two year hold for 50% or more price appreciation.