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

To: Mark Marcellus who wrote (28260)	9/26/2007 3:38:00 PM
From: Jurgis Bekepuris	Respond to of 78750

Quote:The entity that should be thinking about this is Wesco. It has a lot of capital, capital gains taxes are at all-time low, and we don’t have the same prospects as Berkshire, but you cult members make that hard to do because you keep bidding up its shares above intrinsic value. Anyone who wants to leave can sell above intrinsic value. Those of you holding the stock hope we can create more than $1 of value [with each dollar of our retained earnings], and I’m hopeful we can do this, though we won’t do as well as Berkshire. Dividends would make sense, but then the rest of his sentence does not make sense... Cause he could pay dividends even if WSC was trading above intrinsic value. So it seems that he meant something else, but either misspoke or was incorrectly transcribed. Thanks though. :)