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


To: Dale Baker who wrote (14892)7/22/2002 5:59:29 PM
From: Paul Senior  Read Replies (2) | Respond to of 78516
 
Dale Baker, re: SGDE. Eh? Doesn't look absurdly oversold to me at all. To me, its price hasn't yet come down anywhere near enough to reflect a value buy.

Two or three years ago, The Sports Authority (TSA) was discussed here when it was a net-net. I mention it to give you an idea of what these sport supply companies can drop to when they become unpopular.

For me, to even consider looking at SGDE, it'd have to trade no higher than book value (3.61 vs. close today at $7.20)