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

To: Brinks who wrote (20081)	11/16/2004 10:43:17 PM
From: quasimodo	Respond to of 78530

Brinks, What screening tool do you use to screen for net-nets ?

To: Brinks who wrote (20081)	11/17/2004 9:33:54 PM
From: Madharry	Read Replies (2) \| Respond to of 78530

Brinks thank you very much. I appreciate your due dilligence and bringing this stock to our attention- I think now that the tone of my initial response was unduly harsh and critical and I apologize. Although it may not be my cup of tea it certainly could turn out to be a highly successful investment. I certainly havent done as much homework as you either on the individual or the industry. net nets i can understand a lot better!

To: Brinks who wrote (20081)	11/19/2004 10:11:10 AM
From: Steve168	Read Replies (1) \| Respond to of 78530

Brinks, great memo and net-net list. Interesting point in the Tweedy, Browne study that those companies operating at a loss actually resulted higher returns than profitable ones. I had been buying when companies were still at a loss but a smaller loss sequentially, because once they break even, the prices usually already doubled. When ALVR was below $2, several friends did not buy it because of the loss, however when ALVR broke even, the price was already at $8. The main reason those stocks are selling below net liquidation values was the loss and fear of bankruptcy, once investors think the company can survive, the price is likely doubled from the bottom.