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

To: Paul Senior who wrote (13535)	1/2/2002 4:13:53 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78567

I'll swap some Fleming for some K-Mart. FLM is a big food supplier to KM, so it's being dragged down with K-Mart as K-Mart has been falling. There's a sell-off in both stocks today as an analyst puts out a sell rating on KM. My FLM position is still profitable, but I shouda sold anytime in the last few months. I figure KM right now is the better place to be, so I sold some Fleming and bought K-Mart. KM now has a price/sales of .06 (I estimate), and that offsets somewhat, imo, the large and increasing debt, and the poor management. Given KM's size and resources, they can still turn KM around. (Maybe.) If there's any hint of that occurring, the stock will rebound. Paul S. also selling a little more Whirlpool (WHR) today. finance.yahoo.com

To: Paul Senior who wrote (13535)	1/3/2002 12:22:01 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 78567

Paul, Just to be clear...my comments were regarding asbestos exposure generally. After watching the likes of Armstrong, USG, CCK and others that weren't directly involved in the high risk blown insulation business slide into bankruptcy despite prior protestations that their exposures were manageable, I have newfound respect for the creativity of tort litigators when it comes to turning a minor exposure into a company killing disaster. Unlike Jim Clarke, I've never looked at CBE, so I'm saying nothing specifically about them.