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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: JHP who wrote (83732)	9/24/2000 2:57:06 PM
From: Spekulatius	Respond to of 132070

I wouldn't touch FMO. Its a weak player in a weak sector. High debt and lawsuits. Its cheap for a reason. The car industry is in a down turn. Every car supplier except for Delphi has warned. Delphi has the best management and the best balance sheet and that's where I would look for a value play. Grace (GRA) is a similar play to FMO in the chemical sector.Very cheap and asbestos lawsuits too but better operating results. GRA won't make its earnings because of high oil prices but the chances of recovery appear much better than for FMO.

To: JHP who wrote (83732)	9/24/2000 7:49:48 PM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

John, I have rules about the thirds, but I have broken them many times. After all, investing is art and science, not just science. Usually, I buy second and third thirds if the fundamentals stay the same (or improve, which happens more often than you'd think) while the stock declines. Occasionally, I will buy a second third higher or at the same price if the fundamentals improve in such a manner to make me think that the stock is now more undervalued than it was when I bought the first third. However, you have to be careful about paying up for thirds, as you are running with the crowd when you do that, which is anathema for a contrarian. <g>