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

To: Paul Senior who wrote (32702)	11/7/2008 4:27:07 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78717

Comment on Mr. Whitman who espouses "safe and cheap" Like it was discussed already, this year was a steamroll on the kneecaps for everyone in value investing. There was almost nothing that was "safe and cheap" if you bought it before September-October: big caps, small caps, international, commodities, bonds, etc, everything was just killed. The best people could do was short or buy WMT. It's easy to blame Marty that his buys were not "safe and cheap", but show me someone who's buys were. ;)

To: Paul Senior who wrote (32702)	11/8/2008 1:56:37 AM
From: Spekulatius	Read Replies (2) \| Respond to of 78717

FCE-A - it may be cheap but it certainly does not looks safe to me. 900M$ equity with a 10.8B$ balance sheet is almost never safe. plus they have 2.3B$ in new projects coming online in this environment - if for some reason project financing falls apart and they cannot finance with cheap mortgages then they would have to pay pawnbroker interest rates of around 15% or more with their junk rating. Not a bet I would take right now. this could quickly become on of Paul's lottery ticket stocks <ng>