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

To: Shane M who wrote (547)	11/8/1998 12:53:00 AM
From: James Clarke	Read Replies (2) \| Respond to of 4691

Thanks for the ideas. I putzed around on RAL and missed it too. But I will investigate FIC - not knowing the valuation I can't say whether it will be a five minute or five day look. As for CHB - good company, the CEO knows how to create wealth, but I think I've said before - if you are going to look at a manufactured home company, Clayton (CMH) is the one with the consistent Buffett track record, and the valuation today is mouthwatering. Here you've got a 15% grower year in and year out trading at 13x trailing earnings. This company has not had a down quarter in something like 10 years. Management is absolutely excellent and the balance sheet is also very very strong. If you look at a long term chart, you will see that every time Clayton traded at 13x earnings in the past you would've made a lot of money in the next 18 months. Just my 2 cents - this is one of just a handful of stocks I refused to sell when I liquidated 2/3 of my portfolio in May. And that was when the stock was at a higher price. Jim