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

To: bruwin who wrote (21611)	7/8/2005 8:15:58 PM
From: itilis2003	Read Replies (1) \| Respond to of 78770

I first bought MHCO in late Oct of 2000 at $1 1/32, (They traded in fractions back then). The next day I doubled up at $1.00. About a year later I added shares at $2.07. (Its rare for me to average up) In March and June of 2002 I sold some at $3.25 and $4.19. In Oct 2003 I was buying again around $2. Added more in late April of 2004 at $1.76 And in Mid July of 2004 I bought more at $1.75. This was just prior to when it jumped because of good results and the hurricane. The "proof in the pudding" for me is that MHCO has earned money most years since I bought it and both its book value and its shareprice have increased substaintially. And its done that in a period of time where the nasdaq has lost about half its value. Also, MHCO went from the nasdaq to the pinksheets. And its STILL significantly undervalued. Certainly at the bid. Please be sure to alert me when you find stocks with the following characteristics.... Low price/book Low price/sales Low price/net current assets Ongoing company stock buyback Low P/E ratio Long history of increasing book value Insider buying These are MY KIND OF STOCKS. Sadly, I just havent found many of them in recent years. I was a heavy buyer of PURW in the $1.50-2.00 range in the 6-8 months leading up to their recent buyout at $4.30. (I was also a buyer years ago in the 41-70 cent range) I was a buyer of GIII late last year at an average of just over $6. The stocks $10 now. I have substantially liquidated positions in BAMM ($1.56 to over $10) COHT ($1.01 to over $12, I got out below $10) BONT (From the $2s to over $20 GIII (Was actually a $2 stock years ago when I first bought) EZPW (Was as low as $1.56, I sold out at $19.97) SPAN (Owned it about $3.10 avg. went to nearly $15) Still own a bunch of TGIS which I was buying in the 25 cent range. Its around $3 and going higher I believe. Although I have sold a whole bunch as can be expected. PLEASE send me a list of stocks with MHCOs characteristics when I was buying. Since they dont fit your criteria, I can buy them and even send you a bird-dog fee when I cash out years later. I get the impression you havent been investing in stocks very long. Were you around after the 87 crash when there were bargains all around ? I went heavily on margin at the time and even used credit card debt a couple of times. (Something I dont encourage others to do, certainly at todays valuations) (Some my rememeber my older posts as rjm2)