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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (55172)4/11/2015 2:22:26 AM
From: Paul Senior1 Recommendation

Recommended By
Jurgis Bekepuris

   of 78670
 
I'm not so sure the industrial distributors have moats.

In good times some do tend to sell at p/e's of 20 or more because of their good earnings and dividend history. I wonder if the internet has leveled the playing field for some/all of these guys, or otherwise made competition much stiffer.

The stocks have gone up and come back down. Maybe that makes them priced as "fair value", maybe not. I've looked at Fastenal several times recently and have decided it's still too expensive for me.

As I said a couple of posts down, I'm adding to my WCC position. finance.yahoo.com That one to me looks like value at a fair price. Jmo, of course.

And I'm expecting that I'll hold RELL and IM for a while. These being my current value picks.
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