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

To: Wallace Rivers who wrote (14572)	6/6/2002 3:12:44 PM
From: Bob Rudd	Read Replies (2) \| Respond to of 78740

I increased already substantial TYC position on 6/3 @ 16.06 but cut the position in half today @15.80. I believe the sum of the parts exceeds the market price, but with DK gone, I'm very concerned that Mark Schwartz will be found to have sufficient complicity that he too will be shown the door. Fort, as former CB & CEO and recent lead director knows TYC well, but due to the complexity, I'm concerned that he really doesn't know it well enough to steer it thru the rough patch ahead without Schwartz. I haven't given up...just lightened up as the situation has deteriorated. Debt and ratcheting down of expectations on CIT realization exacerbate concern. In a broader sense, I'm looking at ways to introduce a better sell discipline having been hit hard on AREM, DYN and now this. Mike used a rule that if it dropped below his entry, he'd bail. I'm not sure that fits me, but I'm looking for and at ideas on the subject.