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

To: Paul Senior who wrote (21722)	7/20/2005 4:30:37 PM
From: bruwin	Respond to of 78659

Yes, I take your point Paul. There are some Big players in HANS's market who could possibly influence future events at a cost to themselves, however large or small that may turn out to be. One will just have to monitor events and act accordingly. Until that happens one is, I believe, speculating. Needless to say, at this stage those possible future events aren't reflected in HANS's financial statements. However, should matters turn out as you and Mr. Greenberg surmise, then those factors will undoubtedly appear in those self-same statements, which is what makes them such a useful source of factual information. IMO the aspects we look for in order to determine QUALITY, are well represented in HANS's Financial Statements. This is the first requirement in our investment strategy. However, the second requirement, under - or overvaluation, has started to play a major role. In this regard the stock price could be regarded as high with HANS’s P/E sitting at 44 ! Your point is well taken that one could certainly be considering taking some profit and not buying anymore at this stage. An important consideration, I believe, will be what appears in HANS’s next set of Quarterly financial results which are due out next month. We tend to reserve our judgement calls to publication of financial results or trading statements. A good Bottom Line and corresponding increase in EPS, with a fall off in price over the next few weeks, could reduce the P/E and make HANS a fair purchase once again.