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

To: Bob Rudd who wrote (9847)	2/2/2000 10:18:00 AM
From: jeffbas	Respond to of 78753

Bob, interesting post. I don't much like VISX, which I think of a bit like an oil well - not an unlimited supply of customers. Industry seems to be getting more competitive and more contentious. SOL is more interesting because the valuation is pretty good. However, we may have several things ahead which may not yet be fully in the price: -shareholder lawsuit -inventory writedown -plant shutdown costs as they shift mfg to cheaper spots, as they said -warned debt downgrade from low investment grade by S&P to non-investment grade Oakley (OO) is also at lows which indicates an industry problem (probably the case for some time, looking at the charts). In my opinion, the stock may go lower ($5), is not in a very attractive industry (somewhat similar to apparel), industry will probably not recover quickly, and I do not see a catalyst. Therefore, it is something I'd put on a watch list for an incredibly low price (under $5?).