SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Senior who wrote (16329)1/31/2003 10:27:50 PM
From: Paul Senior   of 78661
 
I've started a very small position in Greif Brothers (GEF).

The company will be familiar name to old-time value players because it was mentioned so many times as a long-term buy-and-hold by Phil Carret, a 'grand old man' of Wall Street,who worked and invested until he died when he was in his late nineties.)

I notice that Pioneer Investment Management, which I believe is the manager of the Pioneer Fund which was started by Mr. Carret, still holds a substantial position. As does Carret and Co. However, they have reduced their holdings according the the latest report I see. Another negative for me is that debt/eq. has been increasing. Also, it's a thinly traded stock, and it's difficult to get outside information on it.

I like that GEF sells below book value (which it seldom does) and at a relatively low p/sales. The stock is hitting new lows.

Per Yahoo, "Greif Bros. Corporation and its subsidiaries principally manufacture industrial shipping containers and containerboard and corrugated products." I assume this business is related to the US economy and trading partners. So I assume business (earnings) for GEF will be better if/when the US economy improves.

Small buy only now.

Paul Senior
I've not owned the stock before, and I could be very wrong to be buying it now.

yahoo.marketguide.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News