To: Gunther G. Smith who wrote (7933 ) 9/8/1998 8:48:00 AM From: Robert G. Harrell Read Replies (1) | Respond to
Gunther, quote.yahoo.com Besides, with the market looking bad, I'm very selective in my investing. In fact, I've always been very aggressive, but in the past several weeks, I've eliminated my small margin debt and amassed a small pile of cash, which for me is a very bearish position. Still, I'm big in my favorite stocks, listed in my profile page. Times like these present tremendous long-term buying opportunities. Now we must see ourselves as TRUE investors, rather than market players. If Buffet were buying a business, he'd look at how many years it would take for the company to generate enough cash flow to cover the purchase price. I see several companies trading at less than 5 years of cash flow (THQI is a good example, and there are cheaper ones--TMAX).
