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

To: cfimx who wrote (11601)	12/16/2000 2:04:43 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 78502

<<i would put jny in the category of "cigar butt." besides, i'm not convinced "he" bought it. >>By "cigar butt," do you mean he bought it strictly because it was deeply undervalued, and would then sell it when it gets back to reasonable valuation without consideration of ongoing sustainable growth [As opposed to Coke, with strong consumer franchise, and presumably unlimited growth]? I tend to think the stable of fashion brands @ JNY would fit the 'consumer franchise' theme. The only problem, is predictability/sustainability - Coke has it, fashion doesn't. But if a diversified 'portfolio' of fashion brands are managed skillfully, and bought when out of favor and offering a decent margin of safety, they may offer a similar or even better risk reward than the more predictable product: quote.yahoo.com <<i'm not convinced "he" bought it.>>I suspect he did, but your skepticism is well-founded. I bought OHI @26, early in it's jump on announcement of 'HIS' buy in April 99. Then I looked under the hood to see what 'HIS' wisdom had led me to. I found a collection of soon to be bankrupt nursing homes and sold immediately for a small loss. Later it came out that HE probably hadn't bought it at all. It's now changing hands under 4.