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

To: Honest Abe who wrote (3385)	3/1/1998 3:08:00 AM
From: James Clarke	Respond to of 78525

<<"My philosophy is very similar to Mike's. I understand Buffett's logic and will buy that type of stock if it is unfairly priced. I only know of one of those today..." What one would that be???>> I knew somebody would ask that question. That would be a little unknown illiquid stock. You all probably wouldn't be interested on a value thread. It trades at 3.4 times book value and 30 times estimated earnings next year. Nothing you've ever heard of...unless you watched ten minutes of the Olympics. They make athletic footwear. What a lousy business. All the smart people on Wall Street hate the stock, so you better stay away. Headquartered in Oregon, of all places. And they have this idiotic Swoosh thing that Wall Street tells me is overexposed, just like Coke and Disney. What a stupid idea that Warren Buffett might be buying a lousy business like this. I'm really having second thoughts. Sarcasm intended, JJC