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

To: James Clarke who wrote (9032)	11/27/1999 3:13:00 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78600

Jim, OWC. Yes, it's about that "value of that liability" that might indeed be the cause of that decline in stock price. (Or maybe it's the expected housing downturn.) If I knew what the current dollar figure of the liability exposure might be -- some $ figure multiplied by some range of probabilities of the event occurring - then I might know better what's what. Maybe we're approaching some sort of inflection point now with these lawsuits. After all, the risks were known and investors could have bailed out of the stock anytime in the past few years at prices much higher than now. So what has changed? More certainty that bankruptcy is a possibility? I do not know. Meanwhile - and I am reluctant to use this, but I will -g-, 8 of 10 analysts have a buy/moderate buy on the thing. 'Course, maybe it's only those other 2 analysts who have figured out what the liability cost really is -g-. Paul