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

To: Paul Senior who wrote (25306)	11/20/2006 4:25:52 PM
From: Suma	Read Replies (1) \| Respond to of 78743

How do they pay a dividend greater than the share price ?

To: Paul Senior who wrote (25306)	11/20/2006 10:56:51 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78743

re ABY, WY, IP - ABY only looks cheap IMO. if you compare those three companies based on EV/S (which includes net debt) rather than P/S, all three look like they are valued about the same. Both IP and WY are better companies, profitable and pay a dividend. ABY is only a better play if an industry recovery is imminent in which case ABY gearing would work in the shareholder favor. Right now it does not look like the industry is going to boom any time soon. ABY book value is about 1/2 goodwill, so it' not as cheap as it looks on that value metric either.

To: Paul Senior who wrote (25306)	6/5/2007 5:01:13 PM
From: Bill Wexler	Read Replies (3) \| Respond to of 78743

I read your comments about ABY and have begun looking at the stock (as well as buying it) myself. Paper remains in the doldrums, but the ABY - BOW merger makes sense and raises some interesting possibilities considering the new entity would be in far better shape balance-sheet-wise. In any case, I believe that we are at - if not beyond - the point of maximum pessimism. Also picked up some POP. A bit more speculative and dangerous, but would be huge if the next industry up cycle is even more dramatic than I anticipate.