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

To: Brendan W who wrote (13132)	10/1/2001 12:06:12 AM
From: Paul Senior	Respond to of 78507

Brendan Watt: I will likely start again a position in UNM tomorrow. I got scared out of my position after the stock more than doubled and then started to decline. But UNM now again looks attractive to me. In a good year (which I am not sure '02 will be even if they make the analysts' consensus record-earnings estimate), the stock ought (!!) to trade for at least 1.5 book or about 36. That's just imo of course. I will bet though the stock maybe, could, should, possibly, might, be a 50% gainer within two years. biz.yahoo.com Paul.

To: Brendan W who wrote (13132)	10/2/2001 1:10:59 AM
From: Paul Senior	Respond to of 78507

Brendan Watt: Held off from UNM today - trying to get in closer to lows. I started a position in TLAB though. There is a surprising (to me) number of value-style mutual funds who have (or had!) positions in this stock. In the unpopular and out-of-favor telecom business, TLAB still seems to be making and selling products that customers use. Billion in cash, negligible ltd, still profitable, selling at lows - so also at relatively low p/sales, p/earnings and p/book. Outlook per analyst isn't that great for next year or so. It's one of those stocks I'd rather be in for a little bit now than out of entirely. I'll guess the stock will fall further similar to Corning. TLAB price now about 9.77, and I'll guess it might soon sell about book or maybe 1.2x book -- say between 6.27 and 7.50. Maybe at twice cash at low. (That'd be about $5/sh.) I'll add more as stock drops. (I say that now, but with the state of the economy/my portfolio/my mind -- I'm not that sure -g-) Paul S. biz.yahoo.com