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

To: 249443 who wrote (15322)	8/25/2002 7:21:27 PM
From: Brinks	Respond to of 79047

Page 99 John Train, The Money Masters "This transaction was classic Graham: he was interested only in undervalued assets; he did not care what the company actually did or if management was capable." GAAP and GAAS principles you refer to were nonexistent during most of Graham's investing career. The audit opinion you refer to is absolutely meaningless once the resolution of debt issue which the company has noted should be at hand. The rest is just plain ignorance.