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


To: Paul Senior who wrote (5536)12/21/1998 7:53:00 AM
From: Richard Query  Read Replies (1) | Respond to of 78666
 
Tax Loss Selling

Well it's value investors favorite time of the year. people selling there biggest lossers for the tax right offs. A couple that may be worth taking a look at.

RAY Raytech (2 7/8) This is one I've watched for a long time. has been under bankrupcy protection for something like 10 years, and looks like it has finally worked out there legal problems. after issuing new stock to settle lawsuits, will have aprox .42 trailing earning, 1.80 book, .4 p/s, 5.5x cash flow. while not a net net $5.00 doesn't seem out of line over the next 12 months. May be early on this one as people will probably dump some of the stock they are issued in settlement driving price down over the short run.

TXI Texas Industries (27 15/16) one of my favorite companies beaten down from 67ish with steel sector, while is diversifed with Concrete being a big part of the business. reported 8% better then expected earnings last week. p/e 6, p/s .53, book 27.31, p/cf 3.6, TXI has also developed a pattended process for increasing Cement production which not only is reducing it's own costs but is generating revenues from licensing agreements. newsalert.com
Target $50