Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Chuzzlewit who wrote (3574)	3/22/1998 2:30:00 AM
From: jeffbas	Read Replies (1) \| Respond to of 78594

I agree with what you say. However, I think your "fully-valued, buy and hold" reasoning does not apply to MOST stocks with either inflections in industry or company fundamentals. I think it is here that mistakes in valuation are USUALLY made. Your example of Wall Street using the wrong premise for valuing oil-drilling stocks is an outstanding example. That is why most of the stocks I spend a lot of time looking at are ones with such changes in fundamentals - to try to figure out whether the Street is correct or not. (Change in mgmt is one of the most important.)