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

To: Wyätt Gwyön who wrote (14447)	7/31/2002 4:00:02 PM
From: Paul Senior	Respond to of 78717

I'm starting an exploratory position in WMI today. Current price gives me an opportunity to enter this large cap company on a "reasonable forward p/e". (given current market p/e compression, and given that I'm no fan of forward earnings estimates) I see new management's attempts to bring honesty to the business and to its reporting. This was not done by the previous management (and their Arthur Andersen auditors) . I'm concerned that debt's still to high and that there's no revenue growth. I haven't confirmed that Andersen will pay or has paid WMI the settlement amounts it owes WMI and also those amounts that it owes jointly with WMI in other lawsuit settlements. (I've not confirmed that if Andersen folds, WMI will be on the hook for all the amounts.) Still, WMI being the nation's largest waste disposal company suggests to me that the business and future are there if WMI could get through some of its current problems. And that perhaps/maybe/I hope the stock might trade once again near its highs of the past couple of years. finance.yahoo.com