Thanks, Jeffrey, for your work on COO.
I've closed my position today.
This is what could be expected from me, given that I don't often try the in-depth research that you are skillful at. As a consequence, I don't have a sense of the underlying max. value of stocks like COO when they respond (imo) to external events (B&L's buyout announcement). I have to guess that I ought to be taking profits on the correlated COO runnup.
Also fwiw, I'm starting to sell some Lehman, selling more Mass. auto insurer CGI, starting an exploratory position in GARP stock SALM (owner of radio stations featuring religious programming), adding to my position in SR (playing catch the falling knife with this low price,low pe, high div, good price/bk stock), and picking up cigar butt IHK (sugar refiner).
Paul Senior |
