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

To: Spekulatius who wrote (15728)	10/31/2002 9:39:07 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78625

Story about Baxter (BAX) This is an interesting story about Baxter: fastcompany.com I do like this stock at current valuations since I feel that the stock option, pension as well as the product quality issues are discounted already. it's nice to know that a company is not run by crooks.

To: Spekulatius who wrote (15728)	10/31/2002 11:47:01 PM
From: Paul Senior	Respond to of 78625

Spekulatius. I have a few shares of Travelers given to us holders of Citicorp. At some point I'll either have to add to them in order to build even a tiny position, or I'll just sell the few shares for pizza money. Travelers now just doesn't appeal to me. That might be to your benefit. Perhaps it's people like me - received a negligible number of both a and b and don't follow or understand the company, or the classes of stock, so we're selling and thus temporarily putting downward pressure on the stock. Baxter: Thanks for the BAX link. Nice reading. BAX is a buy IF they can meet next year's earnings expectations. (P/e would be about 11 on about $2.20 estimate. That's historically been a very rare low p/e for Baxter.) Analysts I am reading in the media say BAX is unlikely to meet their (BAX's) sales projections for next year. That's a possibility, imo. Since BAX has had erratic bottom line performance over the past years, I just assume that sales projections for BAX products have lots of error associated with them. My last purchase of BAX was recently at $26.25/sh. I'll hold my tiny position but am not likely to add more. Paul S. jmo, and I've been wrong many, many times