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

To: Jurgis Bekepuris who wrote (3093)	10/1/2002 10:49:06 PM
From: James Clarke	Respond to of 4691

An analyst published on ANF today that it is a "trading vehicle" in downgrading it because its weakest and most overvalued competitor blew up because the last two weeks of September were weak. Funny, I thought it was a business. Now that I know its just a trading vehicle I wonder why I wasted all this time analyzing it. I pinned that report up on my wall next to other classic sell side research - I have one - I'm not kidding - with a headline "Lowering Target Prices Due to Price Action".

To: Jurgis Bekepuris who wrote (3093)	10/2/2002 4:00:40 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 4691

Well, instead of buying retailers or SGP, I decided to plunk my money down for yet another tech fallen angel: ARMHY. Here's one that still does not pass many value screens. Jurgis - throw the money, maybe it will grow :-)))

To: Jurgis Bekepuris who wrote (3093)	10/2/2002 9:16:21 PM
From: Shane M	Read Replies (1) \| Respond to of 4691

Jurgis, thx, I understand where you're coming from on valuation. I was just curious on how you were valuing these things. I just looked at stock prices for the first time this week -- WOW, retail did get its clock cleaned the past several days. will probably end up buying some more of something. Shane

To: Jurgis Bekepuris who wrote (3093)	11/1/2002 5:39:57 PM
From: Paul Senior	Read Replies (2) \| Respond to of 4691

I'll start ANF today with a very small buy. On the one hand, it feels like I'm a little late to be buying. (The stock's had a 25% run up since lows of a couple weeks ago). OTOH, it didn't dawn on me until now the potential that ANF has with its Hollister stores. Hollister will account for only a small amount of ANF's earnings for now. But I've got a position in Quicksilver which might soon be very much affected by the surfer-themed competitor, Hollister. Since some of Quicksilver's numbers (e.g. p/e, d/e, roe, roa, profit margin) are much less attractive than ANF's, perhaps Quicksilver stock is vulnerable too. I figure I had better be in ANF now and watch both it and ZQK much closer. finance.yahoo.com Paul Senior