Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Paul Senior who wrote (11678)	12/30/2000 4:07:13 PM
From: voodooist	Respond to of 78957

Paul: re TXT and PTV. I did join you finally in TXT on Thursday, and was pleased to see the action on Friday. Window dressing or nice bounce off of a double bottom? I overcame my tremendous resistance to not getting the "bottom" and put it in the IRA. Wanted to buy more in regular account, but am waiting for a pullback or I've lost it forever. I find it so easy to leg in (usually in thirds), but I am constitutionally incapable of chasing up. I have a ton of PTV, having chased it down from that 10 area (back then) to 7 3/4. Stuck it in a bunch of accounts at that price, so that it's balancing the LOR in the IRA. The full measure of my confidence though, is whether I put it in the kids' accounts. Did that in a roundabout way, as I added it to an account that subsequently became an estate account. Full disclosure: I also have some shares of PTV still at a loss, but because of my aggressive, sometimes foolhardy averaging down, I have turned it into a winning position. Oh gosh, and I doubled Thursday on that losing LOR, which Barbara Marcin (Gabelli funds?) mentioned Friday night on Louis Bullheyser's Wall Street Week as one of her year 2001 picks. P.S. We should have a psychiatrist as a moderator on this thread. <GGG>

To: Paul Senior who wrote (11678)	12/30/2000 6:22:21 PM
From: cfimx	Respond to of 78957

Paul, The key to see is "cash earnings." Most value investors will ADD BACK the amortization from acquisitions to get to a number called "owners earnings." Then they adjust the p/e ratio accordingly. When this is done, see has a more reasonable p/e ratio.