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

To: Paul Senior who wrote (17608)	8/18/2003 6:36:06 PM
From: Investor2	Read Replies (1) \| Respond to of 78958

Hi Paul. I hope you've been well. (And investing wisely too!) I started to lighten up on my equity holdings a little bit today. One of my sales was a portion of my RPM holdings. Best wishes, I2

To: Paul Senior who wrote (17608)	8/18/2003 11:58:15 PM
From: quasimodo	Respond to of 78958

Hi Paul, Thanks for the comments ... "looks like your QUIP's moved up a bit. I've looked at it a couple of times since your post on it here, and to me, it seems reasonably valued, no great bargain. (my focus: price/sales & price/book) It does seem that if QUIP's business is cyclical and now near lows, if business does get better those good profit margins could return. So I agree with you that the stock might rise up to the $20's again (from current $12.60)." I think the stock could easily be in the 20s once the capital spending cylce turns. The cash generation cycle is great here. In that sense, value itself is a catalyst. At $10, the shares were too cheap, probably not now ... "I'll stay out of it because I don't see a catalyst, and I don't have any feel for what QUIP's strengths might be compared to strong Euro. competitors. (If I recall correctly, QUIP once prided themselves on their very strong employee training and cross-training programs.)" I think they have been fending of competetion pretty well for the last 3-4 years. The decrease in topline revenues seems to be a result of the economy rather than competitive pressures. I have lightened up since the stock ran from $10 but am still holding.