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


To: Freedom Fighter who wrote (5715)1/11/1999 5:44:00 PM
From: Tomato  Read Replies (1) | Respond to of 78741
 
Wayne,

It's interesting also that the Russell 2000 was down about 7% (??) last year. Maybe there's a two tier market- value and no value? WEB did buy a lot of AXP in October after the 19% "correction", so he saw value there. Beats me.

I was looking at closed-end funds in the WSJ today and I think there was a small cap fund or two trading at a discount to NAV. There's an idea for you.




To: Freedom Fighter who wrote (5715)1/11/1999 6:13:00 PM
From: Bob Rudd  Respond to of 78741
 
Wayne: On Nasdaq PE, I'd heard 93x but that was last week so 100 could be correct. Interesting exercise: Take out Intel's earnings and look what it's trading at.