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

To: Paul Senior who wrote (17099)5/21/2003 5:24:32 PM
From: Jurgis Bekepuris  Respond to of 78708
 
Paul,

LDL - wow, that's a blast from the past. I remember looking at them ~5 years ago, when they had pristine 20% ROE every year... What happened?

It shows that James Clarke was right about "Buffett traps" - some of these high-ROE companies just drop into a hole and never (???) recover.

Is there a way to avoid them? Or to find when they finally recover? I would be interested in good ideas... :-)

Jurgis



To: Paul Senior who wrote (17099)5/21/2003 10:35:47 PM
From: Spekulatius  Respond to of 78708
 
I like LDL at first sight. It seems to be a restructuring play. LDL has been focusing on its core business and reduced debt from D/E .6 to .2. This trend is very encouraging.

Some issues:
Pension gap about 10M$
CFO has left recently. (Which is an autoshort according to a very successful short seller I have been watching) Is there a plausible reason ?

This company should also profit from the falling US$.


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