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

To: E_K_S who wrote (29894)1/30/2008 6:25:11 PM
From: Jurgis Bekepuris  Respond to of 78645
 
RAS - I looked at it again and it is still too hard for me. 10% writedown on the investments would wipe out the whole tangible book value and equity. This is too much risk IMO, but I am fine with Marty and co. working out this with more in-depth analysis.



To: E_K_S who wrote (29894)3/19/2008 2:26:16 PM
From: Jurgis Bekepuris  Read Replies (1) | Respond to of 78645
 
Marty Whitman and Third Avenue just released their quarterly reports for Q ending Jan 2008. Marty has bought a lot of MBIA, Ambac and their bonds. He has a pretty detailed writeup arguing against the bear case on the monolines.

He has also acquired a bunch of CIT, LM and other company stocks.

I continue to hold small positions in TAVFX and TAVIX.


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