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

To: Paul Senior who wrote (12526)	11/13/2001 3:51:52 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78715

Ach, - I will try CNGR now. Discussed here before, I assume we all agree CNGR is one cigar-butt stock. Dinky and with confusing and motley businesses. Management says they are going to sell non-core stuff and focus on their steadily- growing core business, and if they had, they say they would've earned $1.16 a share this year. No guarantee management can get rid of their other businesses now at expected or desired prices. And the remaining business will be "used car sales and financing" where less than conservative accounting (for potential defaults) seems to have buried so many other companies. Anybody buying now who can make money in this stock almost gets more than he/she deserves, imo. After all, it means relying on statements/outlooks/projections from CNGR management - who are car salespeople and car finance people. Not occupational categories which inspire trust and confidence, imo -g-. But IF what CNGR says is true, somewhere along the line the stock will be selling for more than p/e of 4 (based on that $1.16 proforma earning/sh number.) Paul Senior, jmo, and I've been wrong many,many times (No slur intended to hard-working people in this business. Just a little skepticism when I envision those like-new "creampuffs" on the used car lots.) finance.yahoo.com

To: Paul Senior who wrote (12526)	4/16/2004 3:31:37 AM
From: Paul Senior	Respond to of 78715

Fwiw, trimming a bit of my position in CRMT. Giving up on FCH- cutting the position further. Adding to XOM, ACAS. Started a position in MDU. For MDU, three positives I see: increasing dividends each year (with an okay div. yield currently); stock is slightly undervalued compared to its past (imo) by the metrics that I'm looking at; company's perception on wall street might improve (i.e. company eventually possibly might maybe receive a higher multiple)based on one of its business segment's involvement with oil/gas exploration and production. moneycentral.msn.com