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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (389)	6/13/1998 2:34:00 AM
From: Berney	Read Replies (1) \| Respond to of 1722

Porcupine, GM was in one of my model portfolios in 1996. The strike was bloody on the stock price. Not one analyst has lowered this quarter estimates, yet it is obvious that this is going to be a big cost. I agree with you that long-term GM has to fight this battle and win. Frankly, so does the UAW (who cannot win). However, in the short-term my July puts are doing great (only wish I'd gotten more than 5 of them). I'm working on an analysis of all the stocks with a market cap greater than $40B. I'll post the FA results here shortly. Berney

To: porcupine --''''> who wrote (389)	6/15/1998 9:01:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 1722

>Imo, the UAW has made a big mistake calling this strike now. Their reasoning is that there isn't a lot of slack in the U.S. labor market. But, GM can find a lot of labor in Asia at the moment. And, they no longer have to build a factory from scratch. They can now buy >first rate Asian factories -- at going out of business prices. Just curious about your view on the possible bargain assets in Asia. If more and more U. S. companies take advantage of that prospect, aren't they laying off somebody else's heavily indebted, undersaved customers.