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

To: - with a K who wrote (17437)	7/23/2003 1:58:13 PM
From: Tomato	Read Replies (1) \| Respond to of 78471

Where can you find the Graham Fair Value information? TIA.

To: - with a K who wrote (17437)	7/23/2003 10:43:30 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78471

re: HELE. I've no intention of selling my few shares. I'll look yet again to see if I might add. Hard for me to step up for more now. (a personal problem) Stock price is already near highs, with a higher than normal ROE and with higher than normal (past) profit margins. OTOH, p/e has fluctuated quite a bit over the past few years, and a 20 p/e has been seen in some years. That could bring the stock to your Graham fair value if the company earns $1.69 next year (2/'04). (I do suspect $1.69 is achievable assuming no deep shocks to the economy or stock market.) As you point out, lot of new products being introduced, there's a "dramatic" shift in distribution channels, and the company is on a roll (increased profit margins). Perhaps for me, in deciding whether to buy more HELE here, I ought to look at the company as you do --- "a growth company that's value priced" rather than as a value play that might(??) already have seen much of its value recognized by the market. Paul Senior

To: - with a K who wrote (17437)	7/28/2003 7:52:59 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78471

OT: HELE: -with a K, okay, talked myself into adding to my position too. Just a little though. Stock still has room to move based on p/e and growth possibilities, imo. Also imo, that's assuming high profit margins can be sustained. Adding to the position now though seems more risky to me than when the stock was trading lower. That I am adding at this point means I am acknowledging a judgmental error or errors. I should have bought more than an exploratory position when I first bought, and I should have bought more as the stock began its good ascent. I call this post OT because it's easier on my psyche to assume I'm buying reasonably cheaply now into a growth stock, which therefore is not of interest to value investors. If I had to consider HELE a value stock here, then I'd have to go further and admit I could be quite a nincompoop for stepping in to buy this thing now when it's already moved up to a four-year high. Paul Senior, who is grateful for the gains seen with HELE. Current HELE price: $19.68. My target price: p/e 16 on 2/'04 co. earnings est. of $1.75 = $28/sh.