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

To: Paul Senior who wrote (9238)	12/9/1999 5:59:00 PM
From: Wallace Rivers	Read Replies (1) \| Respond to of 78618

Paul: I've been buying/holding the super-regional banks (KEY,ASO,ONE). I think you can just about throw a dart at any one of them to purchase. Boy, everyone seems to have forgotten about Glass-Steagall; now they're hopping on linux and .com. Re: Cooper...I'll look at it - Arnie Palmer's a spokesperson, thus, as a golfer, I've gotta love it!

To: Paul Senior who wrote (9238)	12/10/1999 1:06:00 AM
From: Michael Burry	Read Replies (2) \| Respond to of 78618

Paul, with all due respect, I just don't get your buying of stocks as they make new lows. Over and over and over I have watched stocks break new lows subtly only to continue drastic sell-offs. If there's one thing that's kept me ahead this year it's stepping aside of disasters by selling when a new low is made. I don't wait for an uptrend. I just avoid buying new lows or when the stock is an area where no support has ever been established. Don't know if it will continue to work in the future, but to me there's a logical basis to this practice. Goodyear Tire I did a paper short on after rejecting it as a value stock. Too bad I didn't use real money. Who knows where it will stop. Stocks are like swimmers - they dip their toes below the surface just before the dive. Now Washington Mutual? It's testing a bottom right now but technically a toe has been dipped in the water. We'll see. I can see it at a PE of 7-8 with a 6% dividend if the market continues with present assumptions. I don't disagree it's a bargain. Just waiting for a reasonable entry. Good investing, Mike

To: Paul Senior who wrote (9238)	2/22/2000 10:18:00 PM
From: Grommit	Read Replies (2) \| Respond to of 78618

Paul, CTB is interesting me. The balance sheet is a bit scary with the intangibles and debt, but if they sell the plastics unit to knock the debt back, this stock may start appealing to a wider audience. At a 6 PE, ROE at 14%, I would think the downside is limited. Unless Wal Mart, Kmart or the internet is going to take over tire retail. (Don't laugh. I ran into someone a couple of months ago who bought his most recent tires off the net.) What's your current view on CTB? Thanks