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


To: Jurgis Bekepuris who wrote (2419)4/6/2000 11:37:00 AM
From: James Clarke  Read Replies (2) | Respond to of 4691
 
I just started a position in RAL yesterday and would be inclined to average down if the stock wants to fall. I have been wanting to own this business for years - but it always had that stupid battery business attached to it. At this stage it is very hard to analyze because the company has not provided proforma numbers. Thus there is a wide range of earnings expectations and a good deal of uncertainty. That sounds like a time to start buying, even if I can't do the analysis precisely either. I would guess I paid about 16-17 times earnings yesterday (after backing out the marketable positions the company owns).