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

To: Dale Baker who wrote (17025)	5/9/2003 12:02:28 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78625

Thanks, Dale. Appreciate the comments. Yes, the obvious problem with a cash-in-search-of-a-business company which I consider GTW to be, is that the investor has to hope that Mr. Waitt, the entrepreneur/founder, can be successful again. There just aren't that many good capital allocators out there that I see. (Buffett being the acknowledged greatest) I suspect Mr Waitt might continue to fritter money away: I hope he won't make a big (and poor) acquisition. If I bought GTW, I'd be hoping the frittering stops somehow (a business or business model is eventually lucked into, GTW company is taken private, or something) before the cash ($3.75) dissipates to the current stock price ($3.23). At today's price there's not enough spread for me. Maybe if stock gets to $2.75 as a few days ago.