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

To: jeffbas who wrote (12412)	5/4/2001 10:39:53 AM
From: Bob Rudd	Read Replies (1) \| Respond to of 78750

There's a lot of wisdom in what you say, as usual, Jeffrey. If an actuary like yourself can't bracket the risks, I feel a bit better that my efforts to quantify legal exposures haven't born fruit. It's kind of amazing, though, the way this asbestos thing moved back to center stage starting about 2-3 years ago. At that time, bankruptcy at companies like Armstrong was nowhere on the radar screen. Also in the legal risk area, is the resurgence of tobacco companies. I've seen several analysts touting the favorable valuation metrics of MO without any mention of legal risk. Sort of like ignoring an 800% gorilla in your bedroom. Good to hear from you again.