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

To: Wallace Rivers who wrote (10200)	3/22/2000 8:43:00 PM
From: peter michaelson	Respond to of 78530

Man, that is some tasty fried SPAM. gg ICOM is on a road show in NYC right now to push the stock out the door. It is not a value stock. The price will go up though, short term. peter :=)

To: Wallace Rivers who wrote (10200)	3/22/2000 11:07:00 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78530

Wallace, re: ICOM. Congrats on another excellent pick and having the patience/guts to stick with it. I'll just jump right in and say it should be a very easy decision for anybody here (other than you) to make a buy or pass decision on this stock. Which, of course, is pass. (Even if I am wrong many, many times -g-) But one issue is when or if you should sell. That's not so easy. There was a ton of insider selling (under $2) in 1998 and until Oct. '99 when it suddenly dried up. And just when ICOM began its climb to 10+. Now these insider types never run out of stock (imo), so they must know something, and they are not selling (yet). Getting some awareness from the financials looks hopeless for me. Your 3 years of DD might tell you something. Might not. Tough predicament to be in - and having the stock drop (10+ to 7 1/2) makes it even tougher. Which brings up another issue. Should one be diversifying one's investment styles? If so, then maybe we all should at least consider having a ICOM type stock in our portfolios. One value fund manager who says stick just with value is Robert Sanborn late of the Oakmark fund. He believes that if you're a long-term investor, you can have all your assets in value stocks. They replaced him this week - said they would keep the same value principles though - so maybe they just didn't like the underperformance of his value choices. I'm one for diversifying styles. But ICOM is way outside anything in my universe -g-. Paul