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

To: James Clarke who wrote (9228)	12/9/1999 4:35:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78596

Tyco: Bob Rudd's idea might work. A reactive buy on a market overreaction. Wonder how out of touch I am with how in-touch others are -g-. Are there still people , stockholders, who come home from work to discover this disaster and then decide to sell next day? Or is everyone now tied so closely to CNN or their computers or their telephone portfolio updates that they've already decided, so we wouldn't expect a further drop in TYC tomorrow? Sometimes, it seems to me that companies that fall the way TYC did, have a lingering fragrance that keeps potential investors away or encourages current to leave. (I'm unhappily thinking of my position in CNC.) It doesn't help that with TYC, as you point out, its earnings growth, if it's there, is so difficult to substantiate.

To: James Clarke who wrote (9228)	12/9/1999 6:06:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78596

Shoes: MAXS. RBK. Still holding MAXS. Buying now RBK. Scruffy management. Very out of favor stock and maybe products too. Maybe way too far behind NIKE to ever be viable. Still, it's a $3B dollar company. Selling below stated book and at lowest price in 12 years. Low p/sales. If shoe biz. is a fashion biz. then fashions change, so RBK may get another chance - IF mgmt. can manage properly. Maybe the much touted B2B software companies could help their distribution. I'd guess shoe retailers would like to see Reebok not go under since this would let NIKE totally dominate them. Rockport Div of RBK could have imo, nice market niche. My opinion: I don't think it's quite over for RBK. Starting a small position today. I can easily see stock doubling within 12 months. (Although it's true I don't see so clearly, and I've been wrong many, many times before.)