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

To: Wright Sullivan who wrote (5048)	9/24/1998 11:49:00 PM
From: James Clarke	Read Replies (4) \| Respond to of 78476

I agree with you on JOE. The value is just as much there as when I first bought. One big thing is different though. The stock is in the down cycle, not the up cycle. Not the business, the stock. When I bought it it was moving from undiscovered to discovered to loved. Now were are in the loved to disappointing to ignored cycle. It may take a while to get moving again. I could be wrong, but this is a different game. I am not saying don't buy it, but I am saying that the case is most definitely not the same as when I first bought it in late 1996, because then it had a huge catalyst to realize the value. When the catalyst fully fired, I sold. Now there are at least several REITs out there with a similar discount to NAV, zero catalyst, but they have a 10% dividend. I continue to follow the stock closely, and when a catalyst forms, I'll be back. JJC

To: Wright Sullivan who wrote (5048)	9/25/1998 12:45:00 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78476

Wright: Thanks. Great to hear replies from people who will actually have some confidence that life goes on, and courage to back up their conviction by making purchases. And thanks also for being willing to share those choices with the rest of us. Lots of good very good stocks out there at attractive prices. I'll relook at CNSO again. Trying to dig up my first source about it from Kiplinger about '97 and the good work the accountant CEO did to capture the niche market. I'm still watching JOE too. Paul Senior