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

To: Marc Fortier who wrote (9776)	1/28/2000 11:02:00 AM
From: Paul Senior	Read Replies (2) \| Respond to of 78478

Marc F. re USU. Yes, I agree with your comments. I'm not able to see how they're going to grow the bus. And I suspect - since the div. yield is so high, that it's unsustainable. It's not relevant in this case though (imo of course). Here's why I'm buying (in a VERY diversified portfolio): 1. Faith in Jim Clarke. Foolish reason perhaps -g- but there you have it. I trust he's looked over the financials many times, pretty closely, and has talked with management too. Plus thought about the business and its prospects. 2. I'm buying a business - I mean Yahoo says they do have 70% of their market in the US and 40% world-wide (whatever all that means -g-). Stock near it's 2-year low. 3. with a tangible book value of $11.44, selling under 6 bucks a share, insider buys at higher prices, p/ebitd of 3.1. Pays a div. There's no catalyst out there that I know of that will jump the price up either. You just have to put your hand over nose on this stinker and reach for a little (and you should have a number of these kinds of stocks, if you have 1). All jmo. And I've been wrong many, many times before. Paul