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

To: Wallace Rivers who wrote (5346)	11/27/1998 11:37:00 AM
From: James Clarke	Read Replies (2) \| Respond to of 78568

I would agree, I gave you my weather diatribe on the wrong stock. Though if you are an owner of beachfront restaurants in the south, are hurricanes really non-recurring? That said, the restaurant business is just slightly above the steel business on my list. It is a truly awful business, with one exception ("did somebody say...") Not that you can't make money on them. I have always thought, if I ever start a hedge fund, where I can short, my first shorts would be the three "hottest" restaurant "concepts". They always collapse. But as you know if you've been following my posts for the last couple years, there is some price at which I will buy dog s%$t. And that price is precisely half the going rate for dog s%$t. Landry may be there, in which case you could make some money off it. Just keep it in that perspective. jjc