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

To: Paul Senior who wrote (14367)	4/23/2002 10:29:14 PM
From: 249443	Read Replies (2) \| Respond to of 78744

Good evening Paul -- "finn.ob" is a company that will clearly go private or be sold outright. The company's management has no desire to offer a trading type stock or maintain a typical investor relationship with the investing community. The company is trading @ about a 11x - 12x multiple with a negligible dividend. Company management continue to hold a significant ownership position. The company is trading at a significant discount to companies that are taken over in this industry. The p/s, p/b all are quite reasonable. You are right about "fnin's" dividend policy. The company completed a merger, which affected the book value. The treasurer was ill & sold a significant amount of stock in 2001 & early 2002 stock. The company, as you mention, will be sold at some point in the future. The CEO is getting up there in age and has expressed a desire to sell the company. The company isn't growing, but has a reasonable dividend, continues to sell at a 9x p/e muliple, and has a low p/s, p/b. The company also has a fair amount of Austin, Texas real estate -- which I don't include in my valuations.