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

To: Jurgis Bekepuris who wrote (23617)4/7/2006 11:19:44 AM
From: Jurgis Bekepuris  Read Replies (1) | Respond to of 78618
 
I sold all my LBY and PIR on runups. Will reenter if they drop. LBY purchase of remaining interest in Mexican company for me does not look so good as it does to the market. LBY is trading at .26 P/S and yet they purchased a company at close to 1 P/S, plus increasing their already substantial debt.

Almost sold FDP too, but I already have too much cash and almost nothing to buy, so I decided to wait and see on that.

Jurgis


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