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

To: Spekulatius who wrote (69856)	10/18/2022 8:40:13 PM
From: Paul Senior	Respond to of 78954

AVT, ARW. In again for a just a few AVT. As I've said, I pretty much will go for any distributor selling below stated book value. Also, again, as I have said, I believe I've ended green in all of the several/many times I've gone into AVT/ARW over the past years when the stock was trading below stated book value and I waited for stock recovery for price to rise above bv. Again too though, as you have pointed out, it's very difficult to make much money doing this and with these businesses (stocks). So yes, especially for me, very especially, since I've no confidence buying in quantity that these stocks at such times as now will actually have the good risk/reward one more time. That is, I fear that it works out ok 9 times with small bet - on the 10th time with confidence and large bet, I fall on my keister. ARW. Dies Horribilis - I see it now down 17% after hours. Earnings now expected to fall dramatically next year. I placed an order to reenter for tomorrow for just a few shares now that the stock once again is trading (after-hours) below stated bv. finance.yahoo.com I view ARW and AVT in the same business, with ARW a better company, as seen by its higher p/e multiple. That ARW has fallen, maybe the correct bet is to assume the same lousy outlook for AVT, and that AVT stock will collapse a good amount too when they later announce earnings/outlook. So maybe it's a short (not on this Graham thread though!) but at the least, not a buy. We'll see.