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


To: Andrew who wrote (4052)5/12/1998 11:51:00 AM
From: James Clarke  Read Replies (1) | Respond to of 78519
 
PSO. Read the proxy. The majority of the stock is controlled by three large owners, presumably the founders. And you asked are they managing the assets to their maximum advantage? Its a net-net, so of course not. If you find a net-net and it looks like a great business with great management, step back because you're missing something. We should expect to find a lot of warts.



To: Andrew who wrote (4052)5/12/1998 11:52:00 AM
From: jeffbas  Respond to of 78519
 
Done for now. With the warning in the last quarter's report and the valuation level versus historical, and the insider selling at $6, I am not willing to pay this price. Also I am waiting for a review by a close friend of mine, after he gets a package from the company. He has forgotten more about the shoe industry than I will ever know.