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

To: Ron Bower who wrote (3705)	3/31/1998 10:25:00 PM
From: Paul Senior	Respond to of 78594

Hi Ron: re WBB, others. WBB said it was potentially in receipt of an offer for it in low 30 range. The deal fell through, although sometimes the players do get back together or another party comes in. However, I figured that at about 30-31, IF it happened, it would be about 32-34 at best, and maybe at the 30-31 level as first announced. If no offer, I thought a good likelihood that stock could drift down into the 20's. So I thought it best to take some money off the table, and I sold half my position. When buying these value stocks it's always (IMO) easier to make the buy decision because that's a value/numbers statement. Although there are some people here who apparently use (or recommend that others use -g-) present value calculations and who might suggest that the sell decision is consequently a numbers decision (also), my opinion is that it is a much more judgmental issue. I am finding this weekend about the same numbers as you reported last week. I looked at about 125 companies, found about 7 potential value stocks, one relative div. play, one misc., and one Japanese growth co. Of the 7 value stocks, I have an order in on 1 (a microcap, under $2/sh) which I will post on if I can get a fill), and will watch the others for now. Of these 7 value stocks, 2 were mentioned on this thread -EMITF (#3333) and REMI. In addition, I am looking to increase my position in EX, a company I've mentioned here too. A company with many problems and a terrible reputation in several areas (just small things like management and quality -g-). However, the business is (or should be -g-) okay, and as price comes down to near book value, I'm more interested again. Paul