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

To: Madharry who wrote (12941)	8/13/2001 12:05:13 PM
From: jeffbas	Respond to of 78774

Madharry, whether you are wrong in this particular case or not is not really material. I can add that from my own experience you are usually right. Therefore, it makes little sense to buy stocks where you know in advance that the odds are against you.

To: Madharry who wrote (12941)	8/13/2001 4:42:56 PM
From: Paul Senior	Respond to of 78774

Starting a small position in Rockwell Automation (ROK) today. Mentioned favorably by a fund manager in latest Barron's. (Apparently ROK sometimes has #1 or #2 market share in some countries even though they are a small cap compared to competitors Honeywell, Siemens, GE) Rockwell Automation's business has slowed with the economy. Still, a company like ROK that focuses on helping other companies to improve their productivity or reduce their costs, ought to (maybe) return to stock market favor when/if business spending for capital increases. ROK is selling about 2x stated book value, with a relatively low psr, and there's also a dividend, yielding about 4%. That combination, for a large industrial firm, I find attractive. ---------------- Don H. Davis, chairman and chief executive officer, said, in the 7/24 quarterly report, "Despite the weak economic environment, we generated free cash flow of $145 million in the quarter through our continued focus on working capital management." An apparently positive statement, although it doesn't mean much to me. Especially now that I've taken it out of context and it's of one quarter's results. Still, I include it here just to be able to say something about 'free cash flow', a term which seems to catch the attention of at least some thread readers. -g- Paul.