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

To: Wright Sullivan who wrote (6154)	3/2/1999 9:27:00 AM
From: Terrapin	Read Replies (1) \| Respond to of 78476

Excellent discussion on JOE. General question for the thread: How does one evaluate the impact of class-action lawsuits for which there appears no merit other than a decreasing stock price? I have been tracking the ERP software companies (JDAS, JDEC, PSFT, SAP, BAANF, ITWO, INFM) looking for a recovery play. All have declined in shareprice during a terrible market period which has precipitated a storm of lawsuits alleging that management misled investors. Nowadays, it seems that whenever a stock price declines the lawyers feel the need to fish for grievances. My fear is that even though the case may be thrown out the company may face high legal fees which may impact earnings. Does anybody have any experience in this area who could relate some general guidelines for this type of thing? TIA, John