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

To: Marc Fortier who wrote (9719)	1/24/2000 12:05:00 AM
From: Paul Senior	Respond to of 78748

Thanks, Marc. JOE's frequently been one of the stocks cited by value investors as having hidden or undeveloped assets. Over the long haul, JOE's worked out well for Mutual Shares. I recall reading that their cost basis was in the pennies. M. Price just kept the shares he got from his mentor, Heine. I once did a brief and superficial study of stocks mentioned here that seemed to have gone on to perform "well" or "profitably" for value investors. I found that if three people posted here that they bought a particular stock, that stock would "invariably" (my judgment/opinion word) rise. And there just weren't that many 3 way agreements. (Because, imo, we all see value differently and have different goals.) JOE is one stock that at least 3 people agree on. (Some of this may be due to one particular poster, James Clarke, who is a professional analyst who, I recall, had looked at JOE for his investment firm.) I'm long JOE. I appreciate your analysis and report, especially as there's some new information for me. There are a number of other publicly traded land holding/land developing companies that may be undervalued also. Fwiw, I mention two developers that I own: CDX and CCS (mentioned here to show diversification, not to tout as being undervalued. And other people here have posted on different land holding companies that they own.) My preference is to diversify among different geographical regions. This for safety and for serendipity (I know of two instances where such stocks have been suddenly reevaluated upward.) Paul Senior