From: leona@Happy-Man.com (Leona_Troese)
Subject: Solid Value #724 -- Irving Wolfe's Commentary of late December 1992
Followup-To: sender
Keywords: solid value commentary wolfe
Reply-To: Leona_Troese@Happy-Man.com
Organization: Happy Man Corp., Vashon Island, WA 98070-7399
Date: Wed, 6 Jan 1993 16:16:27 GMT



Copyright 1992 Happy Man Corp., Vashon, WA 98070-7399, 1 206 463 9399
One hard copy may be made for individual, personal use only.

What follows is Irving Wolfe's column, Commentary, from the most
recent issue of _Solid Value._  

Permission to distribute it via Usenet is hereby granted.

Because Solid Value's heart is its tables of Best Buys and 
former-Buy followups, this free distribution of Irving Wolfe's 
Commentary should be interesting to some Usenet readers without 
making subscriptions less valuable to those who actually invest in 
stocks for profit.  

=====

Greg Heberlein, a financial reporter with the Seattle Times, 
recently started a stock-picking contest; each participant was 
required to compose a portfolio of ten companies located in 
Washington, Oregon, or Idaho.  Solid Value/tm/ entered this contest in 
the hope of garnering valuable publicity if we won, and I adhered 
to our usual, conservative philosophy.  With the help of our 
computers and databases, I found the 11 most undervalued Northwest 
companies in just a few minutes.  (Eleven were necessary because 
one company, Alaska Air Group, has a financial strength of zero; I 
was unwilling to include it.)  A couple of the stocks were actually 
slightly over-priced, but less so than the market; there 
aren't ten under-priced Northwest stocks in our database.  

The ease with which I did this prompts me to explore the 
possibility of producing other special reports on demand by making 
this offer to our paid subscribers:  If you'd like us to run a 
simple screen for you (one that depends only on balance sheet 
figures and historical sales, earnings, and book value, as well as 
price and financial strength) on our database, please describe it 
to us in writing and we'll try to produce it for you, sending you 
the first 30 companies' names and summary information.  
Alternatively, you can send us a list of up to 30 ticker symbols of 
stocks that interest you but aren't normally followed in Solid 
Value, and we'll send back our standard-format table, including 
each one that appears in our database.  Both offers are on a "when 
time permits" basis, in keeping with the "free" price for the 
service.  

Tax-Sale-Buying Candidates 

In the past two weeks, the following five companies have been added 
to our list of tax-sale-buying candidates, as discussed two issues 
ago: 

Ticker	Ex.	Price	Sell@	?	%	c	Fin	?	Company	Last	Size	Div'd	Liq.	Sales	NCA	Book	Grow	Av.EPS	Earn	Cash	
Symb.		$.8ths	$.8ths		Left		Str		Name	Note	Ind.	%pri.	Ind.	%pri.	%pri.	%pri.	%	%pri.	%pri.	Cow

AGL	N	23.7	34.7	 	46	N 	8	 	Angelica Corporation	  -	 4	3.9	5	135	31	88	9	8	8	9
APOG	O	9.7	13.2	 	34	N 	6	 	Apogee Enterprises, Inc.	  -	 4	2.6	4	259	24	86	11	6	7	7
DPX	A	10.2	19.4	 	90	  	8	 	Duplex Products Inc.	702	 4	0.0	4	337	87	144	3	5	12	8
KLM	N	13.4	19.6	 	46	N 	2	 	KLM Royal Dutch Airlines	604	 6	3.1	5	598	-673	212	00	-4	10	4
TII	N	9.5	14.7	 	55	N 	4	 	Thomas Industries Inc.	  -	 4	4.2	5	294	-15	136	5	2	12	8
-- 
 Leona_Troese@Happy-Man.com      Happy Man Corp. 206/463-9399 x109
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