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Strategies & Market Trends : Value Investing

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To: MCsweet who wrote (22027)9/10/2005 3:25:54 PM
From: itilis2003   of 78890
 
MHCO.... you can never go broke taking a profit.

BUT....I think this one has further to go on the upside.

Its STILL trading below book value and with a low PE and Katrina was "the perfect storm" for MHCOs future.

I see growing sales & earnings for a number of years for MHCO from the rebuilding efforts.

And, I cant help but think there might be a time in the next few years where the chairman looks for an exit strategy.
(Sale of the company ?)

Thats just a guess based on his age and the length of time he has been involved with MHCO.

The stocks strength has been encouraging and it doesnt look like a pump & dump or short lived rally to me.

I think the future fundamentals can justify a $10 pricetag and if they have a "blowout" quarter,it could trade higher.

One of the lessons I have learned over the years is to not "eat like a bird and sh*t like an elephant". So sometimes I let my profits ride even when they are much greater than I originally anticipated.
(Except in the case of obvious pump & dumps)
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