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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (37472)	7/16/2016 3:40:03 PM
From: Paul Senior	Read Replies (1) of 78744

NSRGY. Nestle's been mentioned here by us several times. You might notice, Spekulatius, that I had my doubts about the stock, but over time the company and its stock did come through for me (and for you/others who've bought/held). In the past few months I've been reducing my position as the stock has climbed. Reluctantly and somewhat sadly, but with a good amount of gratitude, I continue to exit the position. I read that the company might be on a new/higher growth phase with new products/acquisitions. Otoh, p/e now seems very high to me. Company basics still same now as in past: company is a world leader in foodstuffs that people consume every day or repeatedly. Anyone might see that Nestle could/will have growth opportunities going out even 10-20 years as world's population increases and/or population becomes more wealthy. The company should continue to do well and stock might continue to rise. At some point though, the stock might come down from current heights-- perhaps during a stock market downturn. Maybe then providing another buying opportunity. Who knows? For me, I continue harvest NSRGY.

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