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

To: Brendan W who wrote (13191)	10/11/2001 1:57:00 PM
From: Paul Senior	Respond to of 78523

Brendan, I've relooked at JPM thanks to your post. (I've been in this stock since mid 1990's, and I've posted it on it here occasionally since the thread began.) Sold most at higher levels after Chase merger announcement.) Stock still fits my relative-dividend yield model, and I've been reinvesting JPM dividends into JPM stock. Current price does seem to be a good entry point and a good point for me to jump up my position. So I bought today. PCL. I'm still holding PCL. I got it in a recent arbitrage play (TPG stock for PCL). PCL looked good enough that I decided to keep it. (The arbitrage business may have contributed to the spread and/or recent trading pattern of PCL.) MHP: I saw it hit new lows. Looked too expensive for me still though. Paul S.

To: Brendan W who wrote (13191)	10/12/2001 2:09:26 PM
From: Paul Senior	Read Replies (3) \| Respond to of 78523

Oops. Looks like I was a little early on that JPM add. --------- Today I've done the following: EK: added to my position after today's announcement of a dividend increase. SCRA: added to my long-time and losing position after today's upbeat news release. PVN: Stock collapsed on news of loan losses and writeoffs. Dangerous business, imo - credit card loans to high risk individuals. And seems to me like these businesses have accounting 'tricks' which puff up non-existent assets/reserves/book value. (just my impression, unsupported by facts). Still, company is a big player, has had excellent reported (if I am to believe the numbers) returns on equity, the stock is selling at a multi-year low, people will still be wanting credit (not that they should be getting it though), so I've made a small bet here that the business and stock can improve within 12-18 months. Took small profits in ATMI. Not a value stock. I just do not have the courage to hold on to it or the patience to ride it down and up again. finance.yahoo.com Paul S.