Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Brendan W who wrote (13076)	9/18/2001 7:04:22 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78666

BEAV: In '96, '99, and '00 they reported losses. But they recovered. And so too the stock price. finance.yahoo.com They seem to be dominant in their industry. I believe the stock was discussed here a couple of years ago. Management competence/depth was an issue, if I recall. (I passed on the stock.) I don't know if there's really overcapacity or if there isn't. And if there is, I don't know how they will recover. But they skated through before, and I'll bet they can do it again. It's a cigar butt company though. Increases in debt and stock outstanding and increasing sales (until last year), but not much positive delivered to the bottom line for all that.

To: Brendan W who wrote (13076)	9/20/2001 7:35:08 PM
From: Brendan W	Read Replies (3) \| Respond to of 78666

Recent buys. o Bought American Management (AMSY) at $14.36. It is valued around 11x 2001 eps of 1.30 with conservative financing. o Bought some Disney. o Bought Pier 1 (PIR)... approaching a year low, around 10x eps of .81. The company has a lot of cash and produces a lot of cash. I was pleased listening to their conference call yesterday. o Added to Sabre Group (TSG). I have no idea how badly it will be hurt by the travel. This investment was made largely as an act of faith. o Added to Cemex (CX). It is leveraged but the pre-disaster PE is now under 5. o Started a position again in ADC Telecom (ADCT) at $3.15. I sold previously in the mid $4s. The stock price has not been this low since 1994. o Added to a Bank of New York (BK) position. The PE is in the mid teens. o Added to OI and ET positions discussed previously. o Started a position in WPP Group (WPPGY) at $38. The PE is in the mid teens. -- brendan