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


To: Larry S. who wrote (16213)1/20/2003 8:51:35 PM
From: jeffbas  Read Replies (1) | Respond to of 78735
 
"it hardly fits the description of value investing"

I will take 3 times earnings at my price of 45 cents (PIHC) as a "value investment" any day. I think balance sheet value is overrated as a primary indicator of value. I can't tell you how many stocks have been posted on this thread from screens that are companies with cash and book value, but basically worthless businesses. When you have value relative to the worth of an operating business, you are more likely to have an edge in realizing that value through a takeover than when you have balance sheet value and little else.