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


To: Wyätt Gwyön who wrote (16353)2/4/2003 4:00:51 PM
From: Paul Senior  Respond to of 78519
 
Darfot, please keep us informed about the webcast discussion of FLM. There might be a couple of us here still in this crummy stock. I will still be if I haven't given up in disgust.



To: Wyätt Gwyön who wrote (16353)2/4/2003 4:59:28 PM
From: Brendan W  Read Replies (1) | Respond to of 78519
 
per the WSJ today, longleaf ceases their conference calls because they felt other investors were using the disclosure and hampering longleaf's ability to take/exit positions



To: Wyätt Gwyön who wrote (16353)2/4/2003 11:02:04 PM
From: 249443  Read Replies (1) | Respond to of 78519
 
FLM & Short Selling:

I remember the discussion of FLM at the last Longleaf annual meeting. I have always strongly avoided any equity investment when investors/management/3rd parties state the company's stock is going down because of short selling. FLM is one more sad example. That WSJ article was right on the money -- about 6-12 months ago.

"...when rampant short selling compounded the pressure on the stock brought by several pieces of bad news -- weak wholesale results, a lower than expected price for its retail assets, and instability at Kmart, its largest customer..."

No disrepect to any posters who sustained lost in FLM common. Just my two cents.



To: Wyätt Gwyön who wrote (16353)2/5/2003 2:42:03 PM
From: Paul Senior  Respond to of 78519
 
Darfot, although as regards YUM, where I see Longleaf apparently has cut back somewhat on their huge YUM holding, I will add a bit to my small initial position today.