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

To: LauA who wrote (9306)	12/14/1999 1:05:00 PM
From: James Clarke	Read Replies (1) \| Respond to of 78526

I see nothing to cheer about on FIT except the valuation, and that I get a rich dividend to wait for something to happen. And that it trades at a discount to its cash balance, and that it has $19 of "stuff" (net current assets + real estate). What might happen? Maybe they liquidate. Maybe the family takes it private like happened out of the blue with CIS six months ago (That one looked just like FIT). Or maybe some smart young MBA from Nebraska buys a majority position and then starts accumulating candy companies and insurance companies with the cash flow. (That was enough for a 600,000% return in 30 years from a little textile company called Berkshire Hathaway. Also just bought another piece of EBSC today at 5 1/4. I'm looking for big January moves in both of these, thus the timing. JJC