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

To: Wallace Rivers who wrote (7318)	5/25/1999 5:12:00 PM
From: porcupine --''''>	Read Replies (1) \| Respond to of 78602

I am not familiar with the particulars of Perini, and, there are always exceptions to any rule-of-thumb (e.g., imo, GM), but as a general principle: low margins + high debt = bad bet Also, counter-intuitive as it might seem that the heavy construction industry would have low barriers to entry, it is an economic truism that a low-profit-margin industry must of a necessity be one that is highly competitive -- due either to ease of entry (like retailing), over capacity (like autos), or both (like apparel).