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

To: Roger Thrash who wrote (4420)	7/13/1998 10:14:00 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78712

Roger T.; re. CSEP, others. Thanks for posting. Some of these keep showing up from my screening criteria also. Have been following CSEP, but don't own it. Environmental friendly pesticides, new products introduced, but they never show a profit, and they are very small. Stock price bounces around, maybe okay as a trading vehicle. Problem with some of these net-net stocks for me is that I can not see what a catalyst might be to drive them higher, they can stay down quite a while (which is hard in this up market), and basically you have to own a number of them (according to B. Grhaham). I'll look again at RAGS. Paul Senior

To: Roger Thrash who wrote (4420)	7/15/1998 4:34:00 AM
From: Roger Thrash	Read Replies (1) \| Respond to of 78712

Looks like CSEP was indeed a value at $1.25. They are merging one for one with RING which closed at $2.50. I expect CSEP to rise and RING to fall in the am. Another net-net that seems like a real steal is FLYT....trading at less than half of NET CASH...with a boatload of NOL's to boot and several insider buys since Dec, the latest being 30,000 by the CEO at 91 cents. I've done well with a number of these kind. They take patience but all have worked out for me....some quicker than others and with more rewards. Its what I'm comfortable with in this crazyily overvalued market. Will it trade to 10% of net cash ? I think not.