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

To: Paul Senior who wrote (18479)	1/18/2004 3:58:17 AM
From: Dale Baker	Read Replies (1) \| Respond to of 78746

I am sticking with SCNYA from a 13.75 cost basis. The valuation ratios are still very attractive with all their cash: finance.yahoo.com. Revenue growth is the only missing ingredient to make them a major gainer. In the meantime, net EV at 5x cash flow (total market cap/cash flow around 7) is a tasty, cheap value play. The sector norm is market cap at 20x cash flow and 23x FCF. Order backlog was up at their last report. It will be interesting to see if that translates into top-line growth for Q4. The company expects $30m sales compared to $28m in 2002. A good steady player to bet on, IMHO. SKX has the low PS but no cash flow (except from inventory reduction) or profits to speak of now. Looks like they are still in turnaround mode. I would be interested in buying if the chart ever breaks 9.26 resistance from last July.