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

To: Bob Rudd who wrote (16616)	3/14/2003 10:51:10 AM
From: Paul Senior	Respond to of 78625

Bob Rudd, my experience with large market drops parallels yours. And I too am seeing low multiple stocks that mostly have warts - warts that seem to be of much more concern to buyers/sellers than in the past.

To: Bob Rudd who wrote (16616)	3/14/2003 12:30:52 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78625

Bob Rudd: re. BAX. I am still overlooking all the negatives with BAX - and there are many... some maybe intractable. Assuming management is correct about their '03 earnings forecasts, (and that's iffy too-- there just may be credibility issues with management), the forward p/e is under 10. That is too low a valuation for this company in this market. (OTOH, p/e's are coming down everywhere, and they could drop further still.) I'm buying a little more BAX today as it goes to new lows. Also, fwiw, I'm starting to build back my position in CAG today. Their history of increasing dividends and the current almost 5% dividend are significant draws for me. finance.yahoo.com