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

To: Wallace Rivers who wrote (31826)	10/17/2008 12:11:21 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78750

TXT. Dang. That pick of mine was sure poor. Stock down more than 50% since I posted in August. The general market decline hasn't helped. Specific to TXT might be concerns about its financing unit. Yesterday TXT announced government cancellation of TXT's helicopter program. Not sure what I will do here. On a value basis, stock looks relatively inexpensive (relative p/bk, relative div. yield, p/e (if sales were to exist). OTOH, with the helicopter loss, prospects now seem much weaker than I have believed. D/e per Yahoo is about 2.6 - that's not good if sales are disappearing and with well-capitalized competitors. Have sold 1/3 of position this am. Weighing exiting remaining 2/3