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

To: Paul Senior who wrote (16246)	1/21/2003 10:04:19 PM
From: Don Earl	Read Replies (2) \| Respond to of 78673

Paul, I've noticed you mention a few foreign companies from time to time, and from what I can tell, the Yahoo profiles look pretty good on most of them. Quite honestly, NTZ looks especially good. My problem with foreign issues is this is what I find when I try to research them: sec.gov They file their PRs with the SEC and that's all she wrote. No disclosures about risk factors, hedging instruments, liquidity, pending or potential legal actions, competition, accounting methods, capital expenditures, etc. Basically none of the information I would consider critical before putting my money in a US company is available to me when researching foreign issues. To me it would be about like buying a used car after viewing its outline under a tarp. Being the skeptical individual I am, I want to look at the paint, check it for dents, hear it run, pop the hood and kick the tires. This isn't NTZ specific, but a situation I always encounter when looking at foreign issues. If you or anyone else has some helpful hints on how to do good DD on offshore companies, I'd appreciate the feedback. It seems to me that if foreign companies want access to US equity markets, they should be required to provide the same information US companies do when they want access to US equity markets. I really don't understand why this isn't the case, but it's the main reason I tend to avoid offshore companies almost automatically.

To: Paul Senior who wrote (16246)	1/23/2003 7:38:29 AM
From: Bob Rudd	Read Replies (2) \| Respond to of 78673

Paul, URS: I recall you once made a very well-timed buy on URS. With the states in a budget crunch and the muni market worried over the dividend bill, the nearterm outlook for URS projects would seem pretty dim. OTOH a road project delayed isn't one 'denied' ...unless folks are willing to put up with potholes big enough to swallow an SUV, those projects will be done...someday. So bad road straight ahead but better times out a bit. I have no position, but am starting to sniff around. What's your current take?