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

To: 249443 who wrote (20139)	11/29/2004 10:23:53 PM
From: Steve168	Respond to of 78525

I did make many mistakes in the market, mostly during the period when I could not find any "below-cash, no debt, reasonable potential" stocks, that I wondered into other strategies such as "relative value", "growth at reasonable price(EONC)" or "market timing". As far as I can remember, the "below cash, no debt, reasonable potential" stocks I purchased all worked out well. I did lose money in other methodologies, including market timing, such as shorting QQQ in Sep and Oct. In an Internet message board, people read stock ideas with suspicious eyes. That's the way it should be. Nobody is paying for any service/idea, so everyone research and make decision based on strategy, risk tolerance, style, etc. Paul Senior sold INFO and I bought INFO, it lost major customers like AWE, revenue had gone down dramatically. Some people don't think it can survive, I am willing to take the risk based on: 1. Price/Cash is 1.64/2.2, zero debt. Book value 4.5 (yahoo finance), those P/C, P/B numbers are among the lowest in all US stocks based on my screen tool. 2. Management and 5% owners own 26.75% of the company, that is pretty high, and I think the management ought to do something before they lose all their own money. 3. The company already started layoff, cut costs in most areas of operations. I think there is a reasonable chance to survive or at least prolong the life 2-3 years. Within that 2-3 years, the stock price will likely fluctuate, and a 50% increase from current $1.64 is very likely, so I put my money where my mouth is. Do I know for sure? absolutely not. INFO may file bankruptcy if they continue to burn cash at current rate.