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

To: 249443 who wrote (15660)	10/17/2002 9:35:56 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78519

mrcjmoney: I have the same feelings about Sears as you. I do like their Craftsman tools though. But the very few times I go there, I go there reluctantly. I don't even buy my car batteries there anymore. Company is profitable. Stock is selling at a low p/e. It's always come back from lows. Everybody knows Sears. OTOH, knowing of Sears and shopping there are different. Perhaps Sears should sell at low p/e's as do other subprime lenders if S is indeed also one of them. (60% of pre-tax earnings from credit cards.) Maybe the stock will recover from this point, but it's not clear to me that the future of Sears is all that rosy. Aren't there ANY catastrophe's of the day out there worth buying?? -g- OTOH, I could say, "Why bother"? There seem to be a large enough number of very excellent companies with decent to excellent prospects whose stocks are still selling near multi-year lows. Perhaps THESE are the stocks to place bets on. There'll always be third tier stuff, but the good stocks go on sale much less frequently, it appears to me. just ruminating, Paul Senior