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

To: Terrapin who wrote (32357)	10/7/2008 4:47:49 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78704

At this time, I don't think there is any hard bottom for any stock. I have profitable stocks trading below net cash on their balance sheets and yet they are dropping every day. Theoretically company could just buy itself for cash, go private and still have everything except their cash. Practically, these are usually small Chinese companies that will not do this, since they need cash to expand. This is a buyer's market, not a seller's market. If you have cash, there are a lot of deals. If you need to sell, my condolences. If you don't need to sell, probably the best thing is to hold. ;) Unless you see much better opportunities elsewhere. :) DSWL seems to be way below their net current assets, but I have not looked deeper. May be a good deal. They will probably lose money for couple of quarters though, but this may happen for a lot of companies if economy goes to pieces.