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

To: Paul Senior who wrote (5004)	9/16/1998 11:35:00 PM
From: James Clarke	Read Replies (1) \| Respond to of 78476

Careful using book value on real estate companies, but you're fishing in the right pond. I already own LHO, a small hotel REIT with a 12% dividend yield. Only problem is I bought it at a 10 1/2% dividend yield. Today I bought Patriot American (PAH) looking for a quickie. Major announcement today which should reverse the downtrend, and even if it doesn't, it yields 10%. Arguably has asset value of twice the share price. As for Cummins Engine, lousy management, lousy industry. The kind of company where an earnings miss is not a "surprise" - the real surprise would be if they made a number. But the last analyst threw in the towel today, so you've got virtually unanimous low expectations, and the price looks right - below book value. But watch out - these guys write off book value faster than you can calculate it. And the truck cycle still hasn't broken down. I think its early, but interesting. Jim

To: Paul Senior who wrote (5004)	9/17/1998 1:03:00 AM
From: Shane M	Read Replies (1) \| Respond to of 78476

Information source - . Paul and thread, I'm trying to find a good site that would provide indexes for food costs for restaurants. Does anyone invest in restaurants here, and does anyone watch this kind of stuff? (In particular I'm looking at re-entering a position in a local steakhouse I like (RDHS-Logan's Roadhouse- not a value stock) and would like to get behind food costs trends if I could) Thanks in advance for any help. Here's what I've been buying recently: NITE - Market maker, major player in internet stock trading. Reasonable valuation IMO. I posted earlier about this one. YORK - Energy producer. Currently selling below book. Recently announced exiting money losing energy brokering business. What's left will be profitable, perhaps earning estimated over $1/share in near future giving a forward PE of under 4.. CREAF- Creative Labs. Dominant maker of computer sound cards. Controls the Sound Blaster standard. Selling at PE of about 5. Recent comments by Intel indicate PC demand may be stronger than expected. CREAF recently introduced new "Live" product which recieved strong demand. Is also major DVD supplier, which could reach critical mass soon. Shane