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

To: James Clarke who wrote (9701)	1/21/2000 1:46:00 AM
From: LauA	Read Replies (1) \| Respond to of 78729

James - I must confess that I just got back from the library where I was specifically looking at EFX. I agree with all you say. Note a lot of debt (not sure that I totally understand their credit facility - at least that's what it appears to be although in 1998 they filed an S-3 for some type of debt securities). In any case, VL indicated that they covered interest 6-7X. They spun off their insurance info biz CPS in 1997. Then took on all that debt to buy up credit bureaus. VL noted that things don't work in other countries the way they do here - viz. problems in UK and write off of 34% in Brazilian entity. I was trivially viewing them as a sort of toll booth companion to FIC in consumer credit. I've only seen the things you mentioned. I'm looking for weevils. Lau

To: James Clarke who wrote (9701)	1/21/2000 7:32:00 AM
From: Wallace Rivers	Respond to of 78729

FWIW, started a new thread which may interest value investors. Message 12634736

To: James Clarke who wrote (9701)	1/22/2000 12:04:00 PM
From: Paul Senior	Respond to of 78729

re: Trinity. Yes, I like TRN and I've doubled my position since my 10/22 post on TRN. And I am considering adding more. The perception is that TRN is rail cars. And they are. But they are in 6 different "business segments" and making acquisitions out of rail. I'm expecting earnings to be supported by their Highway Construction Group which will prosper (I am betting) with the Highway Construction Bill. They have also been pretty good about adopting new technology and manufacturing processes (from what I read. Developed new highway guard rail for example.) stocksheet.com Trying to figure the trough for TRN is tough (of course). Stock hasn't traded this close to book value in a long time. That might be one indication. Nor at such a low psr. (Of course if sales decline, then looking at "low" psr is risky.) D/E is low. If they earn 12% on equity (the low in recent years), that'd be about $2.88 and just affixing a 7 pe to it--maybe about $20 might be a "reasonable" low??? Alternatively, I'd rather consider where the stock might be 18-24 mo. out. I bet more up than down. Just my opinion. Paul