Value Investing Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ditchdigger who wrote (57110)	4/5/2016 11:02:04 AM
From: Graham Osborn	Read Replies (2) of 78669

This is where I disagree. I don't think just because a sector is correcting or entering a bear market means it is the time to rotate in. Rather, I like to think of the entry point as where you have good businesses that are both (1) totally ignored and (2) totally undervalued. This policy of just buying whatever is getting ripped apart on the headlines this morning doesn't sit well. FWIW, I am short 3 stocks in your list below, and made a nice profit on one of them this morning. These investments were made based on (1) a secular view that the healthcare sector has been in a 2-phase bull market since the late 90s and will be in a bear market for the next 5 years or so (2) the view that all 3 of the aforementioned companies had made large acquisitions with debt that will not be serviced by projected EBITDA. Unrelated - does anyone here hold GRA and what is their investment thesis?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next