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

To: Shane M who wrote (5851)1/24/1999 4:43:00 PM
From: MCsweet  Read Replies (2) | Respond to of 78476
 
Coastcast Corp (PAR)

Stock Price $9.50
Book Value $9.75
Cash $3.28
PE 7.39
PS 0.55

Company sells golf clubheads. Is profitable, selling below
book value, plenty of cash, interesting insider transactions
(both buy and sell, but I think it nets to recent buying),
no long-term debt, and a share buyback in place.

Did miss recent earnings estimates, but you don't get these
kinds of valuations without a few hiccups.

I am not golfer and I don't know anything about the golfing
industry, but based on valuation this stock looks good to me.

MC



To: Shane M who wrote (5851)1/25/1999 9:57:00 PM
From: Paul Senior  Read Replies (1) | Respond to of 78476
 
Hi Shane: FYI, buying two net-nets today.

TCSI bought @ 2. 13/32; I calc. net-net @ $2.46

DAIO bought @ 2. 1/2; I calc. net-net @ $3.53

Both companies tech stocks with lot of cash in till and little long term debt. Additional margin of safety -- in my own mind anyway-- by splitting funds among more than just one company.


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