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

To: OldAIMGuy who wrote (5292)	11/21/1998 12:08:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78567

Tom Veale: your OMQP is moving up a little I notice. PE is very low - 6 - and revs. seem to be doubling every year. But there's only a three year history with this company. Here's a $13 company doing 33% ROE on a $6 dollar book. To me, I think it's one of those kinds of companies that are best left to local investors, such as yourself, who can follow it well and get a very good flavor of its current activities and future prospects. Especially as you would know people who work there, drive by the place frequently, etc. Peter Lynch would give you an attaboy for your pick. Additional comment: A lot of us on this thread... well, okay, me for sure, and MAYBE somebody else-- "we" don't think so much of PEG--- relating growth rates to current PE. For example, (per Yahoo) earnings are up because of a government contract. OMQP sells material handling equipment and "skid steer loaders" (I don't even want to think what that stuff does -g-"). So, to me, I would have trouble seeing how that growth rate could be sustained (given size of market, rebidding for contracts, competition). And so I could not rely on peg numbers to be sustainable. Paul Senior