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

To: Paul Senior who wrote (13977)2/21/2002 3:28:34 AM
From: blankmind  Respond to of 78531
 
Paul,

- for Vesta - i see they just took a $30 mill litigation charge;
- about 32 mill shs o/s
- $1.8 bill in assets, which is mostly liquid or semi-liquid
- $1.5 bill in liabil
- so about $300 mill in equity; or $10/sh
- after acquisitions, the earnings level out & grow
- ytd range is 4.85 to 13.40; now at 5.65
- Paul - if you could convince me they have a decent shot of becoming profitable - i think it would be a good value stock

thanks



To: Paul Senior who wrote (13977)3/6/2002 11:40:10 AM
From: blankmind  Respond to of 78531
 
- sold my softnet (sofn) & put the proceeds into ESG Re (ESREF)

Reason: ESREF’s last 4Q01 earnings release was pretty stellar & should have moved the stock much higher; instead, it’s even lower. So locked in profits on SOFN to lower cost basis in ESREF. We’ll see. By the way - deadline for filing 10-Q is 45 days; and 1Q02 ends 3/31/02 - so around mid-May should know


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