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Strategies & Market Trends : Brand Name Values and Turnarounds -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (36)	1/13/1999 10:37:00 AM
From: Paul Senior	Read Replies (1) \| Respond to of 82

And taking more UHAL today as market drops 200+ points.

To: Paul Senior who wrote (36)	3/7/1999 1:31:00 AM
From: James Clarke	Read Replies (1) \| Respond to of 82

re: UHAL Paul, I looked at UHAL in some depth about a year and a half ago at 27. I passed, then it proceeded to run into the 30s and I felt like an idiot...for a little while. Now I see we're back at 22, and I see you're buying. I saw the asset value - the rental truck business is lousy, but their self storage facilities are not hard to value. Then you can just value the truck business for...the trucks...and get pretty close to the share price. With the brand name for free. What stopped me from buying it were two things: 1) The brand name may indeed be worthless - every time I see a U-Haul truck go by with $29.95 pasted on it it underscores what an awful business this is. and 2) The management is one of the strangest stories I have ever seen. The proxy statements for the last ten years are like a soap opera. The same family is still in control, they're still suing each other...and they will not return calls from institutional investors. Has anything changed in the last year and a half that I might be missing? I did think this was one to keep tabs on, because if things ever changed it could be one hell of a buying opportunity and I bet you'd have some time to think about it before it made the big move because NOBODY follows this company though probably 99% of Americans know the brand. JJC