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

To: Paul Senior who wrote (10300)	4/6/2000 12:25:00 AM
From: Paul Senior	Respond to of 78520

Here's an article that takes note of some container and apparel stocks that've had recent upward moves. Interesting to me in that these stocks have almost all been discussed here as well - before they made their moves. Why the author would juxtapose container and apparel businesses in this one article is inexplicable though, imo. smallcapcenter.com

To: Paul Senior who wrote (10300)	4/10/2000 4:35:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78520

Buying cement, steel, apparel stocks today. I allege the following are value stocks: Garan(GAN): Selling about 1.1x book value, no long term debt, ROE about 16%, 5.5x cash flow, 7.6% profit margin. "Excess"(?) profits paid out as extra dividend (not reflected in Yahoo) Negatives: apparel mfger with vast majority of sales to Wal Mart. Offset somewhat by possible consumer brand "garanimals" Other negatives: a small float with strong insider/owner control. Steel Technologies (STTX) 11.3% annualized growth in sales over past 5 years, relatively low psr of .2, .6 price/bk, 2.8x cash flow. Negatives: small cap steel co. with d/e .9, insider sales. Adding this one to my steel positions -- X, AKS, and steel suppliers UCR, CLF. I see a double in a couple of years -- although I have to wear glasses over my contact lenses -g-. Cemex (CX): 3rd largest cement producer. Primarily focused on third world. Everybody seems interested in the build-out of the internet/wireless/telephony for third world. I'll go with the idea there's a bunch of third worlders who'd like to upgrade their basics like having cement floors instead of dirt in their houses. CX in Mexico, from what I read, specializes in marketing cement - one bag at a time. P/e is 6 (all these cement/aggregate co's are at low p/e's), ROE 25%, p/bk 1.2. GAN, STTX are selling near annual lows. CX is in a low part of what might be its trading range. Paul Senior