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

To: Spekulatius who wrote (30039)	3/10/2008 11:14:52 PM
From: Spekulatius	Read Replies (2) \| Respond to of 78476

WLP with ugly new earning numbers and the stock down 15+%. So much about recession proof. It also own UNH which is down in sympathy. If the new earnings estimate is correct WLP indeed looks cheap at 10x earnings. that's a big if though. It seems too late to sell now after the instant and severe punishment the stock has taken. maybe when this year is over the flatish to slightly up earnings for WLP may not look to bad any more. I think i might add some more if it drops to the low 50's. I also need to decide what to do with LM. it's a comparatively large position and my biggest loser dollar wise. I think about selling and moving on. My alternative play AMG does not look much better, this may just not be the time for asset managers.