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

To: Jurgis Bekepuris who wrote (16529)	3/3/2003 5:54:01 PM
From: Paul Senior	Respond to of 78486

Yes, had CDT and couple of other cabling company stocks as well. Been out of them for maybe a year or two, and don't really follow any. I remember CDT as basically a telecom-focused stock that held up (for a while) even though telecom stocks were coming down. The end for me was when there were many media stories that discussed excess cable capacity - so many lines being "dark". I don't know what's changed for the better since then about the business or its prospects, so I'd not be a buyer of CDT now. In this market, when so many stocks are getting cheaper and cheaper, I am trying to buy stocks of strong companies with earnings or prospects at least somewhat intact: I've got enough 2nd and 3rd tier stocks already where I have to hope & pray the economy or a sector improves or that there is a business turnaround so I can see some earnings (and maybe a resulting stock price increase). jmo, and I've been wrong many, many times. Paul Senior

To: Jurgis Bekepuris who wrote (16529)	3/31/2003 4:48:15 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78486

Continuing my walk through the new lows list today, I started a very small position in ANDW. (A cable manufacturer) The company wasn't profitable last year, and might not be this year either. The previous nine years it was profitable though, and in eight of those nine, it had ROE in excess of 10%. IF (that's IF) it could repeat that ROE performance (MAYBE (?) within the next two years), ANDW MIGHT see .90/sh (based on current stated book value of $8.7/sh) and the stock MIGHT sell for MAYBE 12x earnings which is $11/sh. Voila... a double! Assuming all those capitalized conditionals turn out right. -g- quicken.com