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


To: Don Earl who wrote (15632)10/11/2002 9:58:48 AM
From: Bob Rudd  Respond to of 78640
 
Added to losing KR position yesterday @11.30. I don't expect a triple, but a trip back to 20 isn't out of the question, IMO.



To: Don Earl who wrote (15632)10/13/2002 10:08:44 PM
From: Mark Brophy  Respond to of 78640
 
A P/E of 30 is reasonable.

Interest rates are low, so alternative investments won't give a better return. The P/E is 8.5 now, so I don't see any reason why it shouldn't at least triple.

Safeway is planning a new store in my city, but Wal-Mart isn't competing. The market is acting as if Safeway is going out of business. I think the days when the established grocery stores allowed Wal-Mart to invade are over.