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

To: Don Earl who wrote (15602)	10/7/2002 4:57:50 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78626

Not doing well at all in ANY of my several ADRs. Doesn't seem to make much difference what businesses or countries they are in. All are down from my buy price. ouch. I'll try an exploratory position in PY today. This company is big in aluminum. Perhaps though, not big enough. biz.yahoo.com Would this be a typical time to buy an apparent cyclical (which PY appears to me to be)? I don't expect PY to have a losing year this year, and analysts say next year will have positive earnings too. So perhaps it is not the time to buy this presumed cyclical. Buying now based on usual stuff for me. Price decently below book value, (Although bv isn't growing, the stock often has traded above book value), low p/s relative to past years, dividend, fairly large (esp. for a French co.) conglomerate. Price hitting new lows. -------- Also adding a very little to my teeny position in CIT. I have been adding to my position in CGI as it has come down. Fwiw, I closed the remainder of my position in BL. I consider BL a decent value stock. However, in this market, I'd rather have retail stocks that are big and well-known that also seem to be value stocks, even if not so close to net-net numbers as BL. For example, I'm considering buying AEOS again, and I'm looking at similar. Also I might add to my losing position in GADZ. finance.yahoo.com