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

To: Bob Rudd who wrote (13103)	9/23/2001 1:55:06 PM
From: rjm2	Read Replies (2) \| Respond to of 78523

very good post. I agree. But, olive garden on a friday night is not a good indicator by itself. Many of these type have waiting lists every weekend. I saw a thing on CNBC where they said Rest.s were down 5-20% the week of the attacks. I spoke with one company, MAIN, and they said they were down, but not that much and since there is only a few days left in this quarter, they will report their 18th consecutive quarter of same store sales increases. Since MAIN has pulled back from nearly $6 to $3.25, I have reloaded some of the shares I sold on strength. Using a 5 x EBITDA multiple gives the shares a value of about $5, using 6 X it would be about $6.67 . And their future is a fairly new concept called Bamboo Club. With 2 new stores opening soon. Fantastic economics for this concept. My biggest fear for the market is payback. Payback, not for the tech bubble, but for the many,many year bull market prior to that with only 87 in the way. I fear valuations could stay down and we could do nothing for several years. Look at 1929, it bottomed 3 years later in 1932 and for folks that paid the high in 1929, it took 20 years to break even. We have fear in the market, just not THAT kind of fear !

To: Bob Rudd who wrote (13103)	9/23/2001 6:44:20 PM
From: Allen Furlan	Read Replies (1) \| Respond to of 78523

Bob take a look at sald and tell me what you think. I wanted to buy under 2 but lost my nerve last week, then stock bounced up 25% on Friday.

To: Bob Rudd who wrote (13103)	9/28/2001 12:27:47 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78523

Bob Rudd: I'm back from a few days in Hawaii. Travel business is hurting. Irritatingly slow getting to/from airport and getting rental car. But I can say Big Island is a terrific vacation value now. (I got my Hertz rental car for $14.95/day and ocean-front room at nice resort for a bit over $100/night.) Tourism from Japan WAY down (I was told the Japanese gov't warned their people that airline travel to US was now not safe.) But the well-known restaurant ROY's was packed at 5 pm. on a Monday with locals and tourists. Looks to me like people still have money and still want to go out and have a good time. I'll be looking at Smith & Wollensky (SWRG) mentioned in this week's Barron's. (Below stated book, and at 3x cash, according to Yahoo.) I'll look at rjm2's MAIN also.