Michael, if i may put my 2c in on some of your items.
Pulte: While I haven't looked at them, I have looked at other builders, and decided their PE's are chronically depressed. It's not just "the cycle". That's what I told Paul when he was looking at them. And I believe it still holds. (You might look at any of them as being at the bottom of their trading ranges, however.)
Callaway: As a golfer, I'd dispute the "premier" brand label. Adams is hitting them on the low handicap end, as well as the traditional outfits. And those Orlimar infomercials make them look terrible!
Berkshire: As a long-time holder, I'm a big fan. And while I'm frustrated by the weakness in the stock price, it sure seems like a buying opportunity. Especially with the fallout in the "deferred income/growth" stocks (my term), people may start looking at things more in Warren's way, and Gillette and Coke should get their problems worked out.
All offered fwiw and imho.
Best,
JS |
