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


To: Scott Mc who wrote (4304)6/18/1998 12:49:00 AM
From: jeffbas  Read Replies (1) | Respond to of 78740
 
I think it is really decent advice. But the way to make real money
is to find an Albertson's at its stage 25 years ago. To do that you need resources like SI, etc. A company doing it for 25 years, like Albertson's or Coca Cola, is probably valued properly or overvalued by the market, i.e., not a value stock for sure. Buying such stocks is likely a way to get slightly below average, consistent returns in the future - which really is not that bad.



To: Scott Mc who wrote (4304)6/18/1998 1:01:00 AM
From: Michael Burry  Respond to of 78740
 
Albertsons is a well-known Buffett-like stock. I keep it on my watch list, but it never gets cheap enough to buy. It's not so far from fair value by Buffett's method, but is a far cry from the 30-50% undervalued I'd like to see. And if it did get that cheap, I'd have
to wonder, since it's so well-known.

Mike