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

To: Brendan W who wrote (12945)	8/15/2001 12:53:40 AM
From: doug5y	Read Replies (1) \| Respond to of 78763

GPS is back down, close to Buffett's purchase price ( approx $24 - late March/early April ) after running up to $35. I never could understand what he saw in this one. A sub WB price has to have some merit, unless we're talking USG ( VBG ). Anyone with thoughts on this? ( Maybe they could give away some of those fancy US style donuts with every purchase over, say, $25? ) Also, the NYT article ( August 10,2001 ) drew my attention to MCIT ( $12.78 close today ) paying a hefty $2.40 dividend. This one definitely has some risk associated with it. Anyone with thoughts to share? Disclosure : no position in either stock - yet! This Stock Pays 21% in Dividends, but Few Are Interested nytimes.com

To: Brendan W who wrote (12945)	8/15/2001 3:13:55 AM
From: Paul Senior	Read Replies (2) \| Respond to of 78763

Congrats on ODP. Nice to make money and sweet to beat The Man by getting the stock before and at a lower price than He paid. Now if you had only bought a million or more shares in the style of Mr. Buffett, you'd be sitting pretty! HON should work out okay, imo. (I took on an exploratory position after Keith Jamison mentioned the stock on the arbitrage thread after the GE deal collapsed.) The stock price is still close enough to Mr. Buffett's buy price to be a buy also for Buffett followers, I'd guess. (I have to defer to the Buffett experts here - I just assume that even if he bought at the very low 33-34 (It's now 36.68), that he wouldn't be selling it if it only went up a few more points to 38-40. GPS, I'm also one who can't see it. And I'm still struggling to understand GLK. The price is possibly now below Mr. Buffett's purchase prices. There's been recent insider selling - looks like the controlling or founding family trust is selling substantially. Maybe Mr. Buffett is buying from the family; maybe the family just wants out or needs some diversification; or maybe they themselves don't understand the value of GLK - selling it so close to Mr. Buffett's buy point. Or maybe they actually know more than Mr. Buffett. Or maybe it's coincidental or I'm focusing on the wrong stuff. GLK stock looks expensive to me - seems like deteriorating business fundamentals. But GLK is at a 10 year low (Yahoo chart), and Mr. Buffett is never wrong - or is that almost never? It's the 'almost' that scares me if I'm following in blindly. -g- finance.yahoo.com Paul S.