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

To: Grommit who wrote (13468)	12/23/2001 10:19:00 PM
From: Madharry	Read Replies (1) \| Respond to of 78595

Interesting article in Barrons about Etrade- apparently the company just forgave the ceo a $15MM loan and buried it in a $300MM restructuring charge. Investors did not know about the loan before its forgiveness was revealed in the latest SEC filing. The company is also nice enough to fund the manager's studies towards his doctorate- which oddly enough he is doing at the London School of Economics and he flies there about once a month. He also received a $28MM bonus last year. I have no position in Etrade, and after reading that am unlikely to initiate one. Its hard enough to make money without sanctioned asset shrinkage.

To: Grommit who wrote (13468)	12/24/2001 1:07:50 AM
From: Paul Senior	Respond to of 78595

Grommit, been considering DLM again after your post. The p/sales figure is okay, the p/e is a reasonable 10 (roughly), and the company has terrific brand recognition. Still, for the sales they have and the debt they've taken on to get it, coupled with some other unattractive features you've mentioned, I've got to re-evaluate whether this thing is worth holding and for what kind of gain. I apparently have some trouble with my beverage picks also. July/Aug. I suggested KNBWY (Kirin Brewery) as a better bet than Wallace Rivers' pick of Coors. Wrong! finance.yahoo.com Nice, decent gain there for people who picked RKY off the bottom. Kirin has dropped to decade low.