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

To: Paul Senior who wrote (5402)	12/8/1998 12:28:00 PM
From: Andrew	Respond to of 78744

Paul re: PFINA. It sounds as if you measure companies equally by their employee number as ROE. This biases you to large cap names that may or may not have crummy ROA. ROE can be manipulated by capital structure. P & F Industries is a company with substantial ownership by management that has consistently grown continuing op income for over 6 years through internal growth and now nicely accretive acquisition of decent relative size (which btw increases employee count). While no longer below book it is at very low multiple of cash flow and earning thus book wont be long below price if this holds. catalyst is that there is no coverage on this thing and they have recently retained IR firm and are visiting with buy/sell side once month to gain more proper exposure and expanded multiple on obviously growing business.

To: Paul Senior who wrote (5402)	12/9/1998 6:46:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78744

Swisher is going private. biz.yahoo.com Some of us were into it at one time or another, probably, like me, at above the buyout price. Sometimes all the holding in the world still won't get you anywhere. Mike