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

To: Paul Senior who wrote (16989)	5/7/2003 1:49:40 AM
From: Bob Rudd	Read Replies (1) \| Respond to of 78519

Paul, Regarding redeploying...I don't really think of it that way. If the sold positions come back in or look attractive, I might buy em back. Otherwise, when I sniff out a bargain I go for it. I'm not uncomfortable holding cash, cause it beats money down a rathole everyday. I'm not finding a lot of easy money buys...on the contrary, most of what looks cheap at first glance turns out to be cheap for good reason. I view PLCM as cheaper than it looks because of the $5 a share in cash and what I view as a temporary depression in earnings due to the shift in their business model away from stocking distributors to direct physical distribution and subsequent channel inventory liquidation...a process that's pretty much done, combined with constrained capex at customers. WEBX is cheap if the growth comes thru...the model appears scalable so a larger share will hit the bottom line ath higher revenue levels. SARS looks to be only a catalyst with legs for companies trading with Asia where ~90% of the cases are...China especially. But there's a LOT of trade there and company's that get the hang of it will likely use it elsewhere to enhance productivity...which is really the main driver for VC.