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

To: Steve168 who wrote (9868)	2/3/2000 10:48:00 PM
From: jeffbas	Read Replies (1) \| Respond to of 78748

CENT tangible book value is about $7. EBSC mgmt controls no stock, but presumably a majority of the Board. A small group of new shareholders has nearly 50%. No one likes home building or furnishing stocks. Someone mentioned SHX (Shaw) to me. Anyone know the company?

To: Steve168 who wrote (9868)	2/4/2000 8:36:00 AM
From: Paul Senior	Read Replies (2) \| Respond to of 78748

Steve168, Yes, CENT might work out okay. As you know, the large intangible on book value is due largely (but not solely) to Pennington Seed. CENT lost exclusive rights to distribute Solaris products (30% of Central's sales). That and bad weather both affected stock price. Cent's strong in a number of areas - garden & pet supplies (of course), pet books, retail relationships, acquisition developments, seeds (Pennington may have developed a potential blockbuster virus-resistant grass seed). Also positive, as you mention, I see the large insider buy by the CEO. My belief is that the stock will recover as business picks up, which I believe will occur. I hold a small amount of CENT within a diversified portfolio. I don't know what you mean by "I am holding a significant position of CENT", but THAT does sound risky to me. JMO, and I've been wrong many, many times before. Paul Senior