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

To: a128 who wrote (26667)	4/25/2007 9:25:33 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78748

I don't like the CBF news, a128. Company for some reason is changing direction and with that, amicably apparently, the CEO is leaving. Which means a new ceo and more stock option/salary expenses. Plus the cultural change that will follow with a new boss. Not to worry though. We can keep our investment here (imho). We've got the roughly 6.5% div. yield and the relatively low (I am guessing) p/bk number. That d/e number ain't so encouraging though. Back otoh, CBF is only a part of our diversified portfolios (right?), so we're controlling some risk that way. And you've got FUR, which might be a hedge or offset, because that company is going in the direction just the opposite from that to be undertaken by CBF. Besides the numbers, the key thing (imo) is that there are several apparent value managers in this stock. (e.g. Dreman, Baron, Franklin, Wasatch) Unusual to see that, especially so for a newly issued stock as CBF is. In preparing my response to your post, I now spot that Wallace Weitz has a position. And following up a hunch now I got when I bought the stock and I saw a Douglas C. Eby who was buying "indirect buy" as an insider in March, I am now going to surmise that that Douglas C. Eby is the same person who is partner with Torray in the Torray funds (imo, a respected ltb&h growthie/value shop). And a positive for me of course is that there's value player & patient investor a128 who is in this stock as well. I just hope at least one of you guys did some decent due diligence before you bought and the rest of us were drawn into following along. -g-.