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

To: Paul Senior who wrote (9033)	11/27/1999 5:55:00 PM
From: James Clarke	Read Replies (2) \| Respond to of 78601

There was a bit of info a couple weeks ago from another asbestos afflicted company (I forget the name - began with an M - McKinnon or something like that) - anyway, they said the lawsuits are getting worse and stepped up their liability. Armstrong World took a similar action last year. I don't follow it that closely - for me this bottomless liability makes a security unanalyzable, because I cannot value it with any degree of confidence. If I heard that lawyers were about to be chained together at the bottom of the ocean, then I might quickly buy a porfolio of OWC, MO and RJR.