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

To: Kent J. Davis who wrote (3709)	4/1/1998 10:46:00 AM
From: Alejandro	Read Replies (2) \| Respond to of 78525

Kent: I just found this thread and read some of the latest posts. I have been working on a formula that flags an over or undervalued stock. It doesn't apply to all types of companies. I won't get into that now, but I may later cause I need some input there. This response is to the frequent mention of book value. I had book value in my model but took it out. I may need to know more about the effect of BV on a stocks price. IMO, with the exception of banks, BV will only be used if a company were liquidated. I see you use it as a bench mark. I don't understand why you use criteria that may never be viable ? I certainly would not consider a company if I thought it would be liquidated. What am I missing. Thanks . ac

To: Kent J. Davis who wrote (3709)	4/1/1998 4:42:00 PM
From: Ron Bower	Read Replies (3) \| Respond to of 78525

Kent, TSEMF - Make a mistake, get rid of it and put the money into something better. The earnings pre-announcement surprised me as I thought they would do better, but I wasn't about to hang around and find out. Took the $500+ beating and got outta there. Could have been much, much more the way it worked out. I'm not finding much I like in the way of new. I just doubled position on HIHOF and have a buy order in on more DSWLF. Seem the ones I own are better than the ones I find. HIHOF is selling near BV at +/-$4.375 and will earn near $1.00 this year. The BV is greatly understated to actual value. Anyone on the thread that doesn't own DSWLF isn't paying attention or doesn't like 'F' stocks. I research every stock posted on this thread by the long time members. Don't always agree with them because I have different criteria and motives and often find it to be a mistake. I bought WBB when Paul recommended and sold WAY too early. Didn't see what he saw. For what it's worth, Ron