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

To: Bob Rudd who wrote (13436)	12/14/2001 7:20:23 AM
From: Wallace Rivers	Respond to of 78594

I know that the likes of WMT and COST are nipping at the heels of KR ABS WIN etc. It kind of meets my parameters of being able to buy the biggest in its space (KR is the largest supermarket chain in the country) at a depressed price. For me, it's also a case of risk/reward. I don't see startling price appreciation a la INVN from 10 to 35, or SNDK from 10 to 18; nor do I see much down side. I also remember, when I was a broker, the head honcho from our national HQ came and visited our branch. I remember him saying that he was a big fan, and buyer of KR, and our firm didn't even follow it! And, he was right. So, this is a bit of a gut purchase. Like Paul, I've been wrong many, many times before -although I funded the KR purchase with a sale of NBR at a 20% plus gain in 4 months! :>)