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

To: Brendan W who wrote (5328)	11/23/1998 11:27:00 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78596

Yes, I bought a small position in FLM after it was mentioned in Glassman's column in the Washington Post, and the column was posted on SI by Joe Dancy. The company has lousy returns on investment, but it is in a business that seems to be stable. It always seems to sell below book value, as I recall (doing this from memory). With some stocks, I'm one who believes in regression to the mean. As you point out, FLM is at decade lows. I think it will come back - at least 50%. I'm making the same bet with stocks such as CYM and some others--LDRY, for example. Paul.