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

To: Spekulatius who wrote (16330)	1/31/2003 10:55:43 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78567

Spekulatius. I'll say CVX will recover at some point. In another life, I was a consultant to several Chevron managers and divisions. My impression was that they were a conservative bunch (as regards business), a little paranoid (who in big oil in California isn't?), but competent, talented, and stolid. They had an emphasis on the bottom line. What I liked about Chevron (as a consultant) was that when they undertook a project, they took the time and spent the money and people resources necessary to do a first-class job. No cutting corners if they moved forward. (Most of my other clients couldn't or wouldn't operate like this.) Sorry I didn't buy and hold Chevron lo these many years ago when prices were lower. I've bought now though as I've posted. My intent is to hold at least for a few years. Dividend helps.

To: Spekulatius who wrote (16330)	2/1/2003 12:17:12 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78567

Spekulatius, re. defense stocks. There was a short discussion of GD on the Buffetology thread. As a result of that I looked more closely at GD, and decided it would be a buy for me. I started a small position. I intend to add more if stock drops lower. I am still holding a number of defense related companies: These include ADG as a small-cap value stock. HON as a long-term play (stock now @$24. GE was willing to pay $53 for it. (asbestos issues now?) NOC large-cap beneficiary of government defense spending increases. Conglomerates SVC (tactical vehicles) and GFF (telephonics) And I have a couple of more I'm evaluating. finance.yahoo.com Paul Senior