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

To: Grommit who wrote (12903)	8/3/2001 10:43:07 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78669

Hi Grommit: I'm looking at CVS also. This post took me a little aback though: Message 16060867 Do you have an opinion on whether the effects of the potential medicare regs. are already built into CVS's relatively low price?

To: Grommit who wrote (12903)	9/4/2002 4:40:18 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78669

Grommit, I've sold my position in WNC today. One of those stocks on which I've been wrong in many ways - holding time, analysis, judgment. I posted in '00 that a very good fund manager suggested (in Worth Magazine) that WNC, then at 9, was fair-valued at 5. It looked attractive enough to me though based on p/sales, p/book, d/e, and company's dominant market share. I was wrong; the man (Steven Romick) was right. Consolidated Freightways filed for bankruptcy this week; I believe this will free up CF's assets and put pressure on WNC sales going forward. Not good, especially given WNC's high debt/eq. position. biz.yahoo.com