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


To: 249443 who wrote (16358)4/2/2003 6:50:18 AM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 78520
 
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

"Some mutual funds have suffered because they stuck with their Fleming investments through a stock-price decline. Longleaf Partners Small-Cap Fund was the fund holding the most shares at the start of the year."
online.wsj.com
"In an October report to shareholders in the Longleaf Partners Small-Cap Fund, Mr. Hawkins and the fund's other managers, Staley Cates and John Buford, staunchly defended the Fleming investment. Fleming was being pummeled by short sellers, whose actions, the managers said, were 'unprecedented.'."