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To: Art Bechhoefer who wrote (5502)4/19/1999 6:48:00 PM
From: phoenix  Read Replies (1) | Respond to of 60323
 
Art,
My apologies, but shame on you. With all your years of experience investing. To give the portfolio managers that much credit. And the market for recognizing inherent value and good management.

Remember Peter Lynch. A stock can always go lower. Both Peter Lynch and David Dremen have spent considerable space in their books explaining the follies of the fund managers and so-called experts. Remember, the fund managers over time don't really do much better than the dartboard.

Dremen has done very well just going against the fund managers. Warren Buffett only checks the market to see who is doing something stupid.

The market is stupid enough to take SNDK down even further. Don't underestimate market stupidity. What was Forest Gump's line? Stupid is as stupid does?

Roger