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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Emmo who wrote (5876)	12/10/1998 9:57:00 AM
From: lws	Read Replies (2) \| Respond to of 27311

Hi, Emmo, I didn't know that Peter Lynch had a parking lot indicator, but it makes a lot of sense to me. Small companies like Valence are stingy with their own information (and I'm suspicious when they aren't), and the information is usually dated and qualified in ways that make it difficult to interpret. Most of the information naturally reflects the perspective and interest of management, and balance is hard to find since there's usually little coverage by outside analysts. The upshot is the need for other clues to help focus the picture, and I'll take my clues from wherever I can get them. Parking lot counts may not be great, but at least they're current. I'm not proud -- I'm desperate! As for the Valence employee cars, I have to say they looked a little dilapidated, but I'm no judge. I'm used to the car mix of Fairfax County, Virginia, where supposedly 1 of every 27 persons is a lawyer. I did look for fancy cars in what I took to be the executive parking area, though, and was unimpressed. I don't know whether this means the employees are poorly-paid, discouraged, or frugal. Let's hope frugal. Presumably, frugal would please Peter Lynch. Regards, lws PS. I still have everything crossed. I am considering sacrifices. I am thinking of nieces and nephews for now. I hope this will be enough.

To: Emmo who wrote (5876)	12/10/1998 10:48:00 AM
From: Larry Brubaker	Respond to of 27311

Actually, Peter Lynch counsels against investing in "story" stocks. His view is that there is plenty of time to earn money after the story has proven to be real. The similar concept he promotes relates to investing in companies you know (e.g., a retailer you shop at). He thinks you can do very good DD by a personal visit to the company's stores to see how crowded they are, talk to the employees, etc. A different concept than looking at the parking lot of a story stock company to see if there are actually employees there.