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

To: Paul Senior who wrote (3728)	4/2/1998 11:15:00 AM
From: Kent J. Davis	Read Replies (2) \| Respond to of 78525

Paul, I took a look at your three. UCR, WES, and UNMG-- Here is my quick review: UCR- It is very unclear what is happening with this one. It is high priced with a high debt level- I pass based on the leverage. Wes- The new chairman is cleaning things up by taking losses. A new broom sweeps clean. This is a good strategy since they have a debt to equity ratio of .69 which is on the high side. The new man is keeping the stock above book. and this is a wise move as dropping below book could result in liquidation to the debt holders. I look for the new man to issue stock when the price gets up to pay off debt. Overall this looks like a pretty solid company that will flourish under the new leader. UNMG- Checked this one out. I love it! And have picked up a few shares. The bad news is over, the recent writedowns have reinverted the stock. Sorry I missed this one at $3 ; but I see some profitable quarters coming in the near term. Thanks for the Tip Kent