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

To: Investor2 who wrote (5015)	9/18/1998 12:11:00 AM
From: James Clarke	Read Replies (1) \| Respond to of 78473

Source? The Wall Street Journal. Today, p.2.

To: Investor2 who wrote (5015)	9/19/1998 11:47:00 AM
From: Sonki	Read Replies (1) \| Respond to of 78473

I2,i agree w. buffet. stocks were so overvalued ! value:(AVP) after multi years low i m begining to feel that i can find value in one such stock. Avon: i was looking at avp (avon) it's @ same price it was back in 94. funny it takes many years to buy and hold and one could be wiped off in a few weeks. i felt so bad for avon share holders. positive ceo was nbr saying their growth rate is approx 16-18% (not bad condsider intel growth rate 17%). AVP ceo thought asian customers, value oriented, will shift from EL to AVP. AVP trading below market mulitple and below in it's industry multiple. seeing today muliti year lows. the stock was 30 in 1994 and today 28. EL (esteLauder) is not even at 52 week low, higher mulitple, company announced stock buy back and was up 4. AVP ceo, ex G ceo, has purchased AVP shares in the open market at much higher price from here. either the ceo is too optimistic or he really sees value in his company . Negative: only 35% of their business is domestic. mostly internationl. I have collected lots of other material on avon if anyone is intrested. My problem is since i don't understand the business i sort of watch and wonder and some times these stock make a huge jump after i wonder why they are so low. take PVN for example. last weekend i studied banks and could not understand why PVN was affected so badly but then i thought the street knows the best and i better not jump into something i don't understand. so all my work goes to waste cuz i fail to take action. tbh/r was an out right steal. and since I followed it so closely, I picked the bottom. now we need to diversify into other areas.