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

To: Paul Senior who wrote (17399)	7/11/2003 9:03:52 PM
From: jeffbas	Respond to of 78595

Paul, I did not mean to say that LLTC or MXIM are value buys at all! I agree that there is not much margin of safety with ATML business strategy. However, all such companies usually do well on the upside of a cycle. By the way, I would say that having a major debt burden for a company in any highly cyclical industry, like airlines, steel, semiconductor manufacturing, is a STUPID business strategy - like betting the whole company and the jobs of all its employees that there will never be that one downturn bad enough to knock it out. Well the steel and airline companies now know how bad a strategy it was.