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

To: Paul Senior who wrote (12818)	7/17/2001 7:23:22 PM
From: jeffbas	Respond to of 78628

SBL, starting at $10 a growth stock at a value price. SBL has been crushed. My basic view is that the company can and will make a buck in a recovery and, as the leader in its industry with a solid balance sheet, will sell at 20+ times earnings at that time. In my opinion, it is a simple case of backing up the price to get the return you want over a 2-3 year holding period (or less) - and then buying at several price points. For me that is around $10 for a starting buy point. If it never gets there, that's life.

To: Paul Senior who wrote (12818)	7/17/2001 7:58:46 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78628

I've also started a position in MacDermid: finance.yahoo.com Basic reversion-to-mean stock play, imo. If business conditions return to where they were in several of the past years MRD ought to (imo) recover to its higher p/sales, ROE, p/asset, and profit margin levels of those past years. Stock could be a double within 3-5 years if this happens. Sales have increased yearly since '96 (I only have a 5-year history). (Although ltd has increased substantially over that time period too.) I notice from Yahoo that Ruane, Cunniff and Sequoia are holders.

To: Paul Senior who wrote (12818)	7/17/2001 8:02:17 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78628

I've also started a position in MacDermid: finance.yahoo.com Basic reversion-to-mean stock play, imo. If business conditions return to where they were in several of the past years MRD ought to (imo) recover to its higher p/sales, high ROE, p/asset, and profit margin levels of those past years. Stock could be a double within 3-5 years if this happens. Sales have increased yearly since '96 (I only have a 5-year history). (Although ltd has increased substantially too over that time period too.) I notice from Yahoo that Ruane, Cunniff and Sequoia are holders.