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

To: Bob Rudd who wrote (12827)	7/30/2001 1:26:25 PM
From: Bob Rudd	Respond to of 78609

Bailed on recent SGR position today, essentially flat. This company was just too far out of my 'circle of competence' to justify additions when it dipped ~20% recently. I just couldn't get wrapped around it. Recent [months/years] bankruptcies and problems at Stone & Webster [much of their assets bought by SGR], Washington Group...warning last week at ABB...indicate that this biz is no cakewalk. I still feel there's going to be considerable power plant construction, but was unable refute comments to the contrary on another board...just don't know the biz that well. So I bailed.