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

To: Madharry who wrote (19636)	9/3/2004 12:51:52 AM
From: Paul Senior	Read Replies (3) \| Respond to of 78702

SHRP. The negatives are the insider sales and machinations by that key insider/his family. An issue is whether their best seller - Ionic Breeze - is a sham or maybe already has saturated the market. Also, same-store sales, a very signifcant indicator for these retailers was down in August. SHRP has a unit devoted to coming up with new products. They've been successful in past, and I suspect they will have additional successes (not as good as the huge Ionic Breeze though). At a p/sales of .39 and a profit margin of 3.7%, I expect that to be reasonable compared to past years. I could be anchoring poorly though. Similarly, although I now value SHRP as undervalued up to $23/share (lower than my last $28 adds in June and July)based upon SHRP's current ROE, that valuation figure could drop if earnings decrease. I am hoping a 16% overall gain in sales this quarter will help translate into okay earnings this year and next, although I suspect quarter-to-quarter (year over year) same store sales comparisons may be difficult. All that aside, you could be right that I'm anchoring incorrectly with this stock. I still have some shares bought in '01; I bought and sold some in '02 and sold more late '03. As the stock has come down I added a bit, and now again 10 points lower. Possibly the stock will drop yet another 10 points; I am hoping gas prices will not have that dramatic effect on retail sales.

To: Madharry who wrote (19636)	5/19/2005 6:19:59 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78702

SHRP. Had exited positions from portfolios in past few months. Now back in this afternoon with just an exploratory position. Bad earnings report. Plus, Ionic Breeze, which does or doesn't work depending on whom one talks to, is not doing well, and this product is/was their very prominent profit driver (I am led to believe). However, the stock is now at a price (after hours) of under $11, and with no ltd and $6/sh in cash and a stated b.v. of $13 (before today's earnings loss), there's room for the company to maneuver and maybe overcome some of its problems. I've held this stock for several years in various amounts up until a few months ago. I expect I may be holding these few shares purchased after-hours today, plus some added to later on average-down, also for a few years. finance.yahoo.com