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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (45655)11/28/2011 12:55:19 PM
From: Paul Senior  Read Replies (1) of 78425
 
I'll take my lumps and take the tax losses on ATPG. Also selling some high-cost SSN shares. Still have an outsize position on this one.

I'll give up on asset manager, Legg Mason (LM) and take a loss on this one. In assets under management it has more fixed income products (by dollars managed) vs. equity products, than I was aware of. Since I buy these asset managers based on aum, and because fixed income is so much less profitable than managing equity, this stock at current enterprise value, is not the value I had previously believed.

I'm adding to DOLE as it falls.

Packaging/container company Greif lowered its profit estimate for 2011. The stock's fallen back near lows, and I added a tad to the very few GEF shares I already have. It's a little disconcerting to me when a company like Greif ("Greif, Inc. engages in the manufacture and sale of industrial packaging products, and containerboard and corrugated products worldwide.") lowers expectations. It suggests that GEF revenues are going to be lower than expected, which implies that GEF's customers aren't demanding GEF containers to send product to customers. This is not a sign of robust growth in the economy.

For a speculation, I'll take a few AAPL shares at current price. My first add to my few share position since 2006. Too bad for me I did not add shares in any of the subsequent years.
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