Ricard

Six Book-Value Bargains

I remember you, Marc Gerstein, from when I first started to get interested in investing. I remember reading your column on a website whose name I've now forgotten, and your penchant for making good recommendations. I clearly remember your recommendations on L3 communications a year after 9/11, and CCI around that same time. L3, which I bought, ended up giving me a 50% semi-annual return, and CCI, which I wish I bought, ended up going from the $1 at which point you wrote the article, to a high of $45, in the course of 4-5 years. I remember your justifications, L3 being more obvious (staircase earnings growth) than CCI (Price to Book of 0.22).

Thanks for the good advice - I hope you write more columns in these tough times.