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

To: Paul Senior who wrote (25896)	2/1/2007 12:56:43 AM
From: Madharry	Read Replies (1) \| Respond to of 78625

As I said before what distinguishes Aruze and what makes it a value propositon is that you get Aruze's operating business for free as well as the implicit call on Japan permitting casinos in a couple of years and the liklihood of aruze/wynn obtaining a casino license there. If I didnt own so much of it already I would be still be adding here.

To: Paul Senior who wrote (25896)	2/1/2007 8:05:59 AM
From: blankmind	Read Replies (3) \| Respond to of 78625

Anyone care for mortgage reits? Here's my 2 picks: #1 - (IMH) Impac Mortgage - - stock has gotten absolutely clobbered - stock is at $8.62 - which is below book value - mngt announced they're going to buy back shares - pays a $.25/share qtrly dividend #2 - NEW - New Century Financial Corp - stock also clobbered - NEW announced in '06 that they'll do combo of $8/share in dividends & stock buyback in '07 but everyone thinks they're taking a bath in defaults - which we'll know for sure on 8 Feb '07 when they report - meantime - stock pays about $1.90/qtr dividend & at $30.27 - over the years - mortgage reits have fluctuated widely - if they don't go out of business - the survivors seem to do very well & throw off nice dividends