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


To: Grommit who wrote (10777)6/26/2000 10:47:00 PM
From: Paul Senior  Read Replies (1) | Respond to of 78530
 
Grommit, I believe LIQB will be a profitable investment for you. After all, there are now 3 value thread posters who've bought. The magic 3 number!

I've followed LIQB occasionally since 1996. Wayne Crimi would be the thread expert though,imo. There is a lot to like about LIQB-- for me the chief thing is the high and (so far) sustainable ROE (and no l.t. debt) coupled with a low stock price.

The two things I do not like about the company are:

Inadequate (imo) revenue growth
Heavy cronyism among the co. founder and BOD

I see that this stock often traded in the past couple of years @ $50-55. Given its relatively low no. sh. outstanding, I'd not be surprised to see a small push get the stock up there again. To get higher than that range, would require some good corporate news, I'd guess.

Paul,
I do not have a position in LIQB

aside: Grommit, the VP of Sales who bought 500k worth @ $46.88 seems to be a new member of senior management who had no stock prior to his purchase. The previous(?) VP Sales sold his shares @53.63 on 10 Sept. '99, according to Yahoo. Maybe the new guy was loaned the money by the corp. (?)