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

To: Paul Senior who wrote (19585)	8/23/2004 1:12:11 PM
From: E_K_S	Respond to of 78525

Thank you for your observation. I may be late to the party on this one but it is good to know that you too have noticed the value in FRO. I just may pick up a few shares of SFL as this gives me a vested interest to follow the company more closely. Another sector I have been eyeing are the regional banks. I have been accumulating NYB below $20. Are there any other regionals that contain hidden value that you might be watching? Finally, on the retailing side I like ABS, JCP and S because of the hidden value in their real estate holdings. However I sold both my S and JCP as they have doubled in the last 18 months. I also have hedged my gains in ABS as I believe management was way off track with their recent acquisition of the Shaws stores ($2.5 billion). They were making pretty good progress with their prior three year restructuring program but this recent Shaws purchase may have delayed their potential recovery by 24 months. I am a buyer of any one of these companies below $20. EKS