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

To: jeffbas who wrote (7230)	5/20/1999 10:23:00 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78478

Jeffrey, re. COO. My take on past events is different. I bought COO after you brought it to the attention of this thread and after I ran my screening ratios - and concomittantly because of your involvement and study of the company. Now I own COO at a profit. So thank you. Yes! I think at current prices it's a risky stock. My eye-doc who buys their products, says they are in a very competitive business. But I again and still, defer to your expertise that they are market leaders. My recollection is that you were not so confident months back as your last post here suggests. I think you were VERY upset that, as I recall, you had just recently talked with management and yet, quite soon thereafter, they blindsided you - and everyone else - with their earnings announcement and/or outlook. I think I recall you then posting on Yahoo that you had absolutely lost faith in the management and/or would not recommend the stock. I almost sold at that point. In other words, for me, I certainly back then, do not recall any postings by anybody that the problems COO had were temporary, due to shifting manufacturing, and likely (as I infer from your last post) to be resolved to the benefit of patient investors. But my numbers still looked okay to me, my position was small, and I didn't see you say you were actually selling, so I stayed the course (too). It just wasn't easy, simple, or obvious to me. And as regards COO now, it still isn't (for me -g-) Paul

To: jeffbas who wrote (7230)	5/20/1999 12:09:00 PM
From: Bob Rudd	Respond to of 78478

Jeffrey: COO One kind of issue is to stay the course as Mr. Market mugs you...I know the feeling having been cut in half on several positions before going on to doubles. Another is to pull the trigger when something that looks good pulls away. That was and is my problem with COO. As it pulled away from 13, I was still doing DD...trying to get wrapped around it. By the time I figured it was a mighty good deal at 13 or so...the market had run it up to 15. I waited for a pullback that never came. Kind of the flip side of the problem you faced, but psychologically less painful, bucause I didn't have money at risk. The perspective of this was different for having looked strongly at it at the lows, than my view of USG and ANGLY, both of which had already left the gate when I found them. I recognized the value and jumped on without hesitation [Both are up about 25% in 1 - 2 months]. At this point I would probably jump on COO if it pulled back to 15 or so, but don't feel inclined to chase it. Congratulations again on your play of it, bob