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

To: Andrew who wrote (3711)	4/1/1998 7:35:00 PM
From: James Clarke	Read Replies (1) \| Respond to of 78634

You may be right. When I read the documents available three weeks ago, I did not feel I could understand the risks in foreign real estate and the financial structure. Speaking for myself, I put some time into this one and rejected it. If you want to convince me, you've got to tell me what I'm missing - not just tell me to read another 10-K. (and that probably goes for the others on this thread). Given the foreign real estate, I, speaking for myself, would probably need a 50% margin of safety to invest. Does it qualify under that parameter. This has got to be an asset play, right? You have enough conviction to keep pursuing me on this one (and of course invest your own hard earned money in it), and that alone tells me something. Tell us why. This stock has every characteristic of a value investment - it is difficult to analyze and looks risky on the surface, though it may not be in reality. If you can cut through the garbage and tell us why you have such conviction in this stock, you might get me to do a little more homework.

To: Andrew who wrote (3711)	4/1/1998 11:19:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78634

Andrew, James: re, these foreign stocks: Some of these value picks could do very well, but they are just too tough for me to hold when (if) they drop from current levels. Because there are just so many variables that can surprise: like political, currency, trading risk. I am thinking here of recent posts on an unknown (well to me anyway -g-) Columbian bank, or even the big conglomerate Sim Darby. I think for people who visit or live in some of these countries where they can see such companies in action, it's maybe okay. Great if you know what you are doing and have these in your portfolio. But I'd guess not too many other readers here would be interested in such individual stocks. To get me interested anyway, I, too, have got to be able to convince myself there's some sort of margin of safety or at least a ruling reason for making the purchase. Hard for me to do this just from the posts or from the meager data I can dig up on some of these stocks. Paul Senior