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


To: Spekulatius who wrote (14438)5/8/2002 11:22:19 AM
From: Paul Senior  Read Replies (1) | Respond to of 78515
 
Buying KNDL today.

Something's not right with this one. Dropping quickly to new lows yesterday and again today. And on such a strong up day for stocks?

Latest earnings report doesn't look that bad to me. Kendle "provides a broad range... of drug and development services" to pharma. and biotech companies, and outsourcing still seems the way for these companies. If KNDL can just get and keep its share of that outsourced business...

As far as I can tell, Marty Whitman still has a chunk of KNDL. It may be "safe and cheap" to him, but it doesn't seem that way this morning. Looks unsafe and cheap to me -g-. But attractive enough (sells below stated book value and under 1x revenues) that I'll buy.

Paul Senior