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

To: Paul Senior who wrote (17346)	7/2/2003 4:09:36 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78748

I'll use today's news on BAX to free up some cash and take a tiny position in HCA. P/e on Baxter's est. earnings (about 12.5x) is still very low compared to past years. I don't like selling on bad news, but I'm just tired of what seems to me to be continual bad news surprises (surprises to me anyway) regarding this company. I sold 2/3 of my position. I decided to include a small amount of HCA in my sector bet on hospital stocks. HCA "operates the largest chain of acute care hospitals". Like BAX though, HCA has its share of troubles, and that has been reflected in its stock price too: finance.yahoo.com Long-term, HCA seems to have somewhat outperformed BAX (depends though on beginning date of comparison): finance.yahoo.com I added a bit to my losing position in THC. Any further bad news forthcoming on this one and I will reconsider holding it. finance.yahoo.com