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Author: kahunacfa Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 50  
Subject: Re: Just Finished Date: 11/28/2006 11:20 AM
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I can see it being a greater motivator if someone's patience is starting to give.

Just what I needed, a reminder to keep at it. Value investing..digging around looking for bargains, takes a lot of time.

With regard to Greenblattt's book, I see myself using it to produce a list from which to start the digging. The companies that turn up on his screen meet a certain minimum qualifications. From there, the number crunching begins.
- fdwelley | Date: 11/27/06 5:42 PM | Number: 39

I have a copy of Joel Greenblats book, The Little Book that Beats the Market, I have read the book, and I have bought the book, but I do not use that book's methods to prospect for value stocks.

I read a copy of The Little Book of Value Investing by Christopher H. Browne in the "Barnes & Noble bookstore free "Reading Room", but I have not yet bought the book. I did buy several double espressos - greatly improves my reading speed.

Prospecting for potential value investing situations? I always look at the new low lists in The Wall Street Journal, Barrons or Investors Business Daily(IBD). I read the Wall Street Journal(WSJ) every day, Barrons about once a month or so at the Library. I rarely read or even look at IBD. I do have a student rate subscription to the WSJ, because, well, I am a part-time, 62 year old, retired student here (http://www.jccc.edu). Sometimes TMF Board, "Falling Knives" adds to my "prospecting list".

I should use screens, but I don't. The last three Value Investing ideas that I bought in the last year or so have been: Pfizer(PFE) @ $22, A.T. Cross(ATX) at $3.95 - $4.13 book value, and Sycamore Networks(SCMR) at $3.35 or less - Company has $3.46 per share in cash, no debt. I found Sycamore Networks, because the company is in the depressed fiber-optic communications industry. I also bought 500 shares of Starbucks(SBUX) in the Fall of 2005 at $47 - pre-split. Starbucks is NOT a Value Investment, but a Starbucks area manager, "Stacy", spoke at a SCORE Chapter 19 (http://www.scorekc.org) last Fall. She described working for the company. I enjoyed her presentation, and learned that all of the Starbucks units, except their partnering bookstores, etc., are company owned. I had previously thought that they (SBUX) were a franchise operation - WRONG!

Kahuna,CFA
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