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

To: Crossy who wrote (895)	1/6/2003 4:36:32 PM
From: JoeinIowa	Read Replies (1) \| Respond to of 23958

Crossy, I have to agree. I like the fundamental value plays although I have had a tough time holding on to any stocks too long lately. My TA ability is basically what I have picked up from Ken. I even admit to using Clearstation when I want to see what they think of the indicators. I think the MACD is going positive on SOSA given what I read this weekend on MACD. Its been a long time since that has happened. clearstation.etrade.com Joe

To: Crossy who wrote (895)	1/6/2003 4:43:20 PM
From: Sergio H	Read Replies (1) \| Respond to of 23958

Crossy, congratulations on another fine play...ALU. Regarding SOSA, I think you will like what you find. The assets are far greater than the liabilities. Its selling at discount to book and real cheap relative to sales. Besides hiring a new COO, major changes were implemented over the summer and early in the last quarter that are likely to show up as improvements in the next 10q. In August SOSA sold Big Inch about $18 million. Then in Sept., they exchanged $40 million of debt owed by the Company to Stolt-Nielsen, their majority owner, for 9.4 million Common shares at an exchange price of $4.25 per share. There are few shares available as the majority are owned by insiders. It is likely that SOSA will show a profit next q. Everyone likes a profitable co. that is selling below book. Thanks alot for the discussion on book value. I dusted off my accounting books and got the answers to my questions. It's good to get re-educated or in this case educated as it had never occured to me to calculate book value based on info from a 10k or 10q. Suprisingly simple.