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

To: Paul Senior who wrote (5454)	12/18/1998 12:34:00 AM
From: Madharry	Respond to of 78742

DSSI sells at about a 30% discount to their equity in tower semiconductor. tower semiconductor was selling around $9 and had $5.5 in cash. DSSI has other assets besides Tower. lots of info on these on the silicon thread. UBB just has impressed me as a well run bank which is selling at a fraction and i do mean a fraction of what this bank would sell for if it was in any other country except for maybe russia. I don't know how brazil will fare but i think a significant devaluation is already priced into this and I do not think there will be a significant devaluation. I don't know much about blandex and how it makes its money and I am very comfortable with UBB so if i am going to buy more of a south american bank i will buy more ubb at these levels. EMT sells for about 5x cashflow. any internet activity in brazil currently flows through EMT. its parent-Worldcom has an enterprise value of 15x revenue. compared to its parent it is awfully cheap and it would be awfully easy for the parent to increase its revenue significantly simply by buying shares of emt on the open market. I see EMT as the cheapest internet stock on the face of the planet- and the potential for growth in Brazil is just unbelievable. I also own Olsten which I have not added to during its decline as I am less than enthusiastic about its short term prospects and have concerns about quality of management but you probably know more about this one than I. It may be a deservedly cheap stock.