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

To: Brendan W who wrote (5360)	11/30/1998 10:17:00 AM
From: Brendan W	Read Replies (1) \| Respond to of 78666

Anybody else watching Browning Ferris (BFI). Price ($29 5/8) is around a 2 year low. It seems pretty blue chip to me, even though management has been dinged for repeated reorganizations and "one-time" charges. By my math it's around 3x book with earnings power of $2.00 a share but if you add back goodwill amortization of $100m divided by 175 million shares (57c) you get a PE under 12. This was quick and dirty, so comments/criticism/math checking welcome.