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

To: Investor2 who wrote (5480)	12/19/1998 1:22:00 AM
From: James Clarke	Respond to of 78688

NAV, Navistar, has a horrendous history, and is a "value stock" in the crudest sense of the word. I would not buy it because the truck cycle just started to fall apart and I have done some forensic accounting on the company and in my opinion they are playing games. At 9 two years ago you would have said the same thing, but the thing tripled. The easy money has been made. JJC

To: Investor2 who wrote (5480)	12/19/1998 2:19:00 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78688

Ah, Investor2. re: NAV. No--as you well know -g-, NAV is not now a value stock. It was in 1996 when no one wanted it-- not now IMO. Investor2: Maybe it's time for you to come back here and tell us poor folk some more about your investing style. From some of your earlier posts I sense that the chance of you EVER buying NAV is about 0. Over your 30? years investing experience, you've bought Class A stocks and held them for huge gains. Are there any of those superior companies you might recommend now for holding over the next 10 years? (I'm kinda old--- not sure I can enjoy my riches for more than about 15 years -g-). Looks like we've got people on the thread who like good businesses they can hold forever... I think maybe it would be helpful if you could again tell us how you found them/what your style is. (No impertinence intended, and I don't mean to make you uncomfortable with my request.) Would appreciate anything you might have to say though. Paul Senior