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

To: Paul Senior who wrote (15292)	8/21/2002 4:45:39 PM
From: Seeker of Truth	Read Replies (1) \| Respond to of 78656

About ACAP, they are in a bad business. Juries are always finding for the patient even when the doctor is a true expert. Do you think they have a handle on pricing? The record doesn't show it. Hence the stock sells for 17+ when the book value is 29+. The buyers want several years insulation against big losses. If they in fact do make 50 cents a share in 2003 then they are selling at 35 times the earnings to be reported in January 2004, which is a long way off. With a stock like that in your portfolio you'd have to keep analyzing and reanalyzing. Do you have all that spare time? Lots of luck.