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

To: Grommit who wrote (12226)	3/28/2001 11:59:21 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78625

I'm starting a position in Manpower today. MAN's earnings estimates were just cut and the stock downgraded by Goldman Sachs; as a result (imo), the stock is trading now near its low for the year. MAN is still expected to post earnings gains this year and next. MAN has showed revenue increases for many years. Accompanied with increases in ltd though. D/e ratio (.73) is now relatively high. Another possible negative: For those watching insider buys, I see only sales. (some at 34 in Feb. MAN's trading for about 28.6 now). There's a dividend - growing but tiny. From my perspective, MAN, at its current price, offers an opportunity to upgrade a portfolio (mine anyway -g-). One gets a dominant, multinational player at a decent and relatively low p/e, and with a relatively low p/s also. ROE in most of the past few years has been roughly in the 25% area. Book value is growing and now about $9. According to my interpretation of Yahoo's report of institutional holdings, several value funds are or were holders of the stock. It's a buy now for me too! biz.yahoo.com Paul