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

To: Grommit who wrote (11120)	9/6/2000 12:09:44 AM
From: James Clarke	Read Replies (2) \| Respond to of 78748

re: ANF. Its not like me to hold a stock that has doubled, but I went in at 11 with a price target of 25-30, then did the work to realize how conservative 30 was (when the stock was still at 15 or so). I still visit stores every week or two to keep tabs on things. Its become a very large holding and I haven't sold a share. I was looking hard at GPS yesterday - great company down 50% from its high. I think its in the range of fairly valued now. And it just blew my mind when I thought of one thing - ANF is also 50% off its high - still! After analysis on both stocks I concluded I consider ANF more attractive at 24 than GPS at the same price. I would still buy ANF on a pullback if I didn't own it, and maybe even if I do if its a pullback to 20. I think you will look back in 5 years and the move from 11 to 24 could look like nothing. That said, I monitor it very carefully. Not the stock price, the stores. I am not at all interested in roundtripping this stock that has just made my year. GTSI was a double and LR was a double from my second purchase, but they were tiny positions. ANF is now about 19% of my personal holdings, and 40% of my baby's college fund. Actually, if you want a portfolio you should follow, its my little 1 year old's college fund. The kid has a long way to go and there's not much money in the account yet. But so far Daddy hasn't given him a loser - he's like 7 for 7, up about 50% year to date. If you've done college fund math, you know you want the 50% return in the last year, not the first year, but I'm not complaining. He owns ANF, HBP, RAL and CMH. I'm about to buy another one for the little guy, which I will disclose here after I accumulate the position. I think you'll like it. And if you think the kid's a junior superinvestor (my wife vetoed the name Warren...) his favorite word is cat. My wife thinks he's referring to the stupid cats that rule our house, but he and I know that he's saying buy Caterpillar below 40. What I think he wants to say is "Old economy company with hidden tech business", but so far the rest of his vocabulary consists of da-da, mom-mom and juice so he's limited in expressing his thoughts.