Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Brendan W who wrote (5291)	11/17/1998 5:02:00 PM
From: OldAIMGuy	Read Replies (1) \| Respond to of 78554

This is the first time in a while since I've stopped in at Value Investing. There's a local company that I follow and invest in called OmniQuip International (OMQP). Call it the Peter Lynch method, the city of Port Washington is only about 10,000 people, and with OMQP a major employer in the area, it's pretty hard not to know what's going on. I'm pleased with my results so far (I've owned it about a year) but it's taken active risk management. With a 52 week high of $26+ and a low of $8+, it's still reasonable at $11-$12/share. The fundamentals are discussed in the expanded version of Value Line. Right now it's showing a P/E of about 6 while growing at a very respectable rate. Last year they had a couple of large acquisitions which have taken a bit of time to digest. It looks like they are on track again now. Their business is tied to residential and commercial construction in that they make off-road utility vehicles such as telescopic cranes, work platforms and small front end loaders. Most of their business at this time is domestic US, so overseas doesn't affect them. They have plans to expand overseas some time in the future as they continue to grow. Just thought some of you might have some interest in this small manufacturer. If you look at the growth rate vs the P/E, I think you'll agree this is good value for investing. Best regards, Tom

To: Brendan W who wrote (5291)	11/19/1998 12:11:00 AM
From: Paul Senior	Read Replies (2) \| Respond to of 78554

Brendan: re STAR and LDRY. Thanks. Your post very helpful to me. I'll turn away from STAR. Many of the financials look okay to me, although it does seem like they are being trounced by Outback (OSSI). The niche is mid-price steak restaurants. Seems like a market already well served. LDRY also has some pretty good numbers I see. Their ROE isn't as good (as STAR), but it looks okay to me for a restaurant chain. Both stocks show book value at about $14 with no or minimal LTD, and both stocks are selling for about 7 1/2 - 8. I found that LDRY is the number two seafood chain (after Red Lobster)in terms of number of restaurants. I suspect (but have no facts), that the seafood business is a more difficult concept to execute than steaks (importance of freshness of product,spoilage control, being able to properly cook the fish vs just grilling a steak), so maybe the barriers to entry are tougher too. I'll look more closely at LDRY. Thanks again. Paul.