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

To: Dale Baker who wrote (15206)	8/19/2002 5:26:19 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78702

Dale Baker. I added a little to my small position in BFCFB today. I agree with your analysis of the situation. It's likely some (or more) patience will be required to see if/how the value is surfaced. Paul Senior

To: Dale Baker who wrote (15206)	8/22/2002 4:38:58 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78702

I'll swap a little of BL for more BFCFB. finance.yahoo.com Both undervalued imo. I'm less comfortable with BL's business (catalog clothes) than I am with BBX's business. BL seems stuck in a rut, and I'm able to take some profits in BL. Those are the surface reasons. Digging a bit deeper there's this too though: 1. Selling an undervalued stock to buy one that is presumed to be even more undervalued is, imo, a poor way to make investment decisions. For me, I've found it does not work. It should, but it does not. Because... 1a. I really can't evaluate either company well enough to balance prospects of one company against another. 1b. There's no telling if/when either of these stocks will have some surprise catalyst to pop the stock. 2. Once I notice that I'm selling for "comfort" reasons, that's when I know there's a psychological component. Value stocks like BL and BBX (BFCFB) ought to work by the numbers. Comfort should have nothing to do with it. all just my opinion and bs. Paul Senior