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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (1663)	5/21/1999 4:54:00 PM
From: porcupine --''''>	Read Replies (3) \| Respond to of 1722

Maxwell Shoe (MAXS) is selling for just below book value and 1/2 sales. P/E about 6. Profit margin 8%. ROE over 18%. No L-T debt. The company has been selling shoes for 50 years. The founding family got bought out a year or so ago (at a high premium), and now is run by a crew of shoe marketing professionals. No factories -- manufacturing is contracted out to the lowest bidder that can meet spec. No long-term contracts with the manufacturers. Their premium line, Jones of New York, is a question mark, because of Jones' merger with Nine West, which has its own line of premium shoes. Whether the licensing arrangement with Jones will be renewed, or whether Jones will buy it back, and if so, at what price, is weighing heavily on the stock. Earnings due out in the first week of June.

To: porcupine --''''> who wrote (1663)	5/21/1999 8:30:00 PM
From: porcupine --''''>	Respond to of 1722

IBM Chairman and Chief Executive Louis Gerstner late Wednesday said the company remains on track for sustained revenue growth in the double digits 10% or better. Financial analysts and fund managers attending IBM's annual briefing for Wall Street here left a presentation by Gerstner saying they were confident the computer maker was firing on all growth cylinders. "The presentation was very upbeat," said John Johnson, a money manager with Berger Funds in Denver, as he left the IBM event. (Reuters 10:11 PM ET 05/12/99) For the full text story, see infobeat.com *AND* infobeat.com