Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Carl Worth who wrote (20931)	3/23/2005 5:23:38 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78565

TARR: Arghhh. You are right. I forgot about that split. Thanks for providing the correct numbers. I reduce my opinion of the stock from being very attractive now to your assessment: "still not bad for a stock trading at 19 and change". Sorry for any inconvenience I may have caused.

To: Carl Worth who wrote (20931)	3/24/2005 2:14:22 AM
From: LauA	Read Replies (2) \| Respond to of 78565

TARR - FWIW, I bought the stock many, many years ago as a January Effect speculation. Since then it changed its name several times, merged, done a rights offering, split off a high yield bond, and undergone multiple splits. It's a 40-50 bagger for me. However, last month I was in Palm Beach and saw a big special report in the Palm Beach Post titled "Winning the Real Estate Game". They recounted multiple anecdotes about ordinary folks flipping properties and buying spec condos with interest only loans. One 'lucky' guy bragged about how he was able to buy an $800,000 condo on an income of $34,000. (http://www.palmbeachpost.com/news/content/news/special_reports/housing_boom/index.html) I talked to a friend next door to me whose girlfriend is buying a spec penthouse in West Palm, a condo in Las Vegas, and a condo in Dallas. In the rental car van, returning to the airport, there was a late 20's kid loudly dickering with his mortgage guy via cellphone for a condo he was buying. I overheard several other folks in the airport waiting area talking about the condo's they were buying. I should have visited the shoeshine guy to see whether he was playing in the market, as well. I remembered the Friedman nearly bankrupted this company several names ago during the last real estate downdraft, after he overbuilt, overpromised, and overleveraged. When I got home, I sold all my TARR. I hope for your sake that I'm flat out wrong.