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Author: tktrimbath Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 845  
Subject: Re: informal semi-annual synopsis Date: 7/4/2003 3:39 AM
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"Just out of curiousity, which companies did you think were more undervalued than BKS? "

According to Moneycentral.com's stock screener there are 193 companies that have similar or lower Price/Book, Price/Sales, Price/Earnings as compared to BKS. Here is a short list of symbols of companies that I recognized:

ROAD, S, ABS, PSS, TSN, AN, QDIN, BCF, DCX, JCP, CULS, TOY

I also think, and mind that this is an opinion, that there are a lot of companies that are being overlooked because the last two years have produced spurious results from changes in accounting practices, disasters like wars and attacks, and a confused economy. In particular I am investigating the very companies most people are overlooking because of the industry they are in; e.g. biotechs, internets, tech startups.

Undervalued was possibly too rigid of a term though. Perhaps it implies a detailed and rigorous analysis. In general I am looser than that and am willing to overlook things like negative earnings if they are caused by goodwill amortization as long as the cash flow is positive. And of course I do fall prey to the emotional, "Oh Gee this is way cool!", response too often. For my current example go check out MVIS.

For me, that stock screen was useful because it pointed out how attractive BKS is based on those criteria. At this point though I am more likely to buy beaten down biotechs, internets, and tech startups: e.g. TGEN, ICGE, MVIS. In that light I like BKS because of BNBN.

Sorry for the long winded answer but the neighborhood's fireworks have obliterated any chance of sleep for hours so I might as well look at stocks.

Happy 4th and the freedom to do what you want at midnight!
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