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

To: Madharry who wrote (3913)	4/24/1998 9:29:00 PM
From: Marchkis	Read Replies (1) \| Respond to of 78465

I just bought an undervalued stock, VIR (Virco Mfg). They are the largest manufacturers of school furniture. It is trading at about 25 1/2 giving a trailing PE of17. Zacks estimate of earnings for this FY (ends 1/99) is $2.09 (versus last 12 month earnings of$1.52) giving an estimated increase in earnings of 38%. Finances appear OK and it yields .3%. The ROE is 14.6% and P/S is .92 and P/B is 3.0. The co. just announced a $5 million share buyback program to prevent stock dilution and because they think the share price is attractive. Expanded Value Line ranks it 2 for Performance, 2 for Safety, and 3 for Technical. In spite of recent bearish comments on this thread, I feel there are still some bargains out there. Mark Kiselow