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

To: Paul Senior who wrote (11590)	12/15/2000 12:36:57 AM
From: Marc Fortier	Read Replies (1) \| Respond to of 78526

Don't know about USI, but I have MAS on my radar screen and I feel that, at the right price, it would probably be very attractive for a man like Warren Buffett. Don't you think so? MF

To: Paul Senior who wrote (11590)	12/15/2000 1:57:57 PM
From: geoffrey Wren	Respond to of 78526

A lurker suggests a few possibilities. These are from the tech world where I spend most of my time, regrettably so for the last 9 months. But some may be value stocks at this time: NANO: has about 7-8 cash, was trading as high as 60 recently, now about 13. COHU: has about $5 cash, and solid book value of $10 or so, was trading as high as 50 in March, now about 14. PRVO, DSET: These seem to be trading for less than cash. SFE: accoring to the following article public.wsj.com this trades on parity of value of cash and stock held in public companies, but with the value of the stock in non-public companies considered, is trading at 40% discount to value. Hope you all are having better luck than I am lately. GW

To: Paul Senior who wrote (11590)	3/27/2001 5:39:03 PM
From: Paul Senior	Respond to of 78526

Oops. My pick of USI collapsed a bit. First, Bill Nygren of Oakmark funds, who was a bullish force for the stock, apparently exited his position recently. And last night USI announced lowered earnings estimates and also eliminated the dividend. If I had bought the stock with the dividend in mind (which I sometimes do with dividend payers), I would've sold out my position at this point. However, given that USI is a substantial and diverse manufacturing company, I'm willing to believe that when (if) its businesses recover, USI stock will too. USI has sold for better than book value many times in the past, and I will bet it will do so again within a couple of years. Given that the stock's about 6 with a book value of about 10, (and the company - so far - is expected to remain profitable), I've upped my small position today. fwiw. Paul Senior: he who has been wrong many, many times before.