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: PitBull who wrote (3788)	4/10/1998 9:11:00 AM
From: Ron Bower	Respond to of 78667

Sunbeam might be worth a look. An IPO called Global-Tech Appliances (GAI) has signed a four year deal with Sunbeam to be the sole supplier of select products. Company is HongKong based with China manufacturing. Don't really care for GAI because of the one customer concentration, but they will put out product at much lower costs than US based Sunbeam manufacturing and this could result in good Sunbeam profits going forward. Ron

To: PitBull who wrote (3788)	4/10/1998 9:51:00 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78667

Why would anyone here care about Sunbeam SOC? At psr more than 2.5, price/book greater than 5, being in a very tough, competitive business, with all attention focused on one person -- Al Dunlap, with all power in one other person or firm (Mike Price-- granted though...THE Mike Price)-- any positives for anyone thinking about going into this stock are still outweighed, IMO, by alternatives in other - value - companies. Just because this stock has dropped quickly and very publicly from 50 to 30 roughly, doesn't mean it's anywhere near being a value stock, IMO. But then again- I thought the stock was overextended at 14 just before Chainsaw came on board -g-. Or perhaps you are shorting SOC?