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

To: Don S.Boller who wrote (3036)	1/14/1998 10:05:00 PM
From: Jyoti sharma	Read Replies (1) \| Respond to of 78628

Don, I agree buying foreign stocks requires more faith than an American stock for the reasons mentioned by you. However to me buying large foreign stocks is the same as buying large US stocks. All the news is in the price. I am buying these stocks as a proxy for the country's market basket. It's not easy buying a country basket for these countries without paying a huge premium. I will prefer to buy a good open end mutual fund for these countries if available. I also own Malaysian Webs and Mathews Korea fund. Normally I do not care to buy any non US stocks and even now I have invested only a small portion of my funds in them as a low risk low maintenance speculation. I have spent some time researching these companies and watched them for a few weeks before pulling the trigger. I bot Indosat at 11 it's already at 15. Korea fund my average price is 6 1/8, now it's 7 1/4. I also have small looses in BKKPF and FPF. Overall a plus so far. I have looked also at AAP, for me it's still not a bargain it's trading at more than twice book and sales per share. Moreover I think in the austerity climate prevailing in Asia now, Amway sales and margins will decline in 1998. Regarding ADR's on NYSE I do not see any big bargains. I would be interested in hearing of your selections if any. BTW I am looking at Singer SEW a favorite of several news letters last year. The stock is trading way below book and sales per share. The turnaround team is in place now. Best wishes and regards. Jyoti