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


To: Dave who wrote (15221)8/16/2002 8:34:53 AM
From: Jurgis Bekepuris  Read Replies (1) | Respond to of 78609
 
Dave,

>Now is not the time to "bastardize" the definition
>of "value investing" by focusing on "growth" stocks
> or companies that are 80%+ off its highs.

Well, Buffett "bastardized" "value investing" long time ago, so I am pretty comfortable following his footsteps. As I said, I never followed Graham.

Prosperous investing to you.

Jurgis - In 2000 value investing was a dirty word, now it's growth investing...



To: Dave who wrote (15221)8/16/2002 9:17:19 AM
From: cfimx  Respond to of 78609
 
>>- D/E <.7
- Current Ratio > 2.0
- Profitable for the past 5 to 10 years.
- Consistently paid a dividend for the past 5 to 10 years.

Graham wrote that book at a time when companies like that grew on trees. He was a great teacher and investor but was lucky to be investing in the golden age of value investing, post 1930. Buffett realized that you needed to find a way to make money in any market, not just in times when every page you turn to in the S & P guide sported a single digit p/e ratio.