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

To: Brendan W who wrote (11472)	11/26/2000 9:06:32 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78601

Brendan Watt, some interesting ideas you've listed. Thanks for taking the time. Regarding your pick of BAC, I'm considering adding to my very small losing position in Bankamerica (BAC). Stock may be down because of potential increases in loan losses and/or perhaps analysts' fears that BAC has not taken sufficient loan loss reserves. I monitor COC.A. I had considered buying when it was about 20, but I missed it, and I'm reluctant to step in now that Conoco is at 26 level -- although it might very well still be a decent buy. I bought OXY (not as a value stock) recently when it was at lower prices. Now I'm considering buying REP (Repsol) because this oil co. is near its lows. I gave up on my long term and losing position in Penney, and sold last month for the tax loss. Somehow I passed up OATS to buy Whole Foods. Recently, I've been taking profits there (WFMI) as it's moved up from lows. My other grocery position is a losing one in Albertson's (ABS). On the assumption that the tough but oh-so-arrogant ABS will eventually actually be able to figure out how to profitably integrate their recent Lucky Stores acquisition, I will continue to hold ABS and add if the stock drops to lows. I monitor IMKTA (Ingles)which I like because of the decent dividend and their real estate. (They are often the anchor tenant in their owned shopping centers.) Although the price is near lows -- I'm not buying yet. I am looking at GAP (Great Atlantic and Pacific Tea Co). It is a cheap stock. But, their smallish and outdated(?) stores, plus other problems (poor management(?), poor execution(?) or poor business model(?) may make the stock still too high priced. Aside: Anyone here have an opinion on GAP? Asbestos: These companies with well-publicized potential or actual legal troubles - USG, etc. are too tough for me. News articles repeatedly hinting, suggesting, positing, that these companies will or could go out of business -- the effect is just to make me give up, get out, and redeploy funds somewhere "safer". Paul S.