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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (10671)6/1/2000 3:42:00 PM
From: Paul Senior  Read Replies (2) of 78477
 
A tough day for stock buyers to get good prices. But...

I am still finding stocks I like. Today...

I sold some Pfizer to buy some Perrigo (PRGO). Low cost drug manufacturer with steadily growing revenues. Selling off lower margined business.

stocksheet.com

I sold some ALSC to buy some RGC. This one was first mentioned here in 1997. Financials are okay (well, 'okay' in my opinion), but there's PLENTY of risk in the possibility of deteriorating housing market, being in a niche market that faces a possible oversupply of wallboard, much larger competitors, and increasing raw material costs.

stocksheet.com

I'm starting also a small position in TRK - Speedway Motorsports. Stock's been dropping for a while. They are the owners of the pedestrian bridge that recently collapsed.
I'll assume that sad accident may have resulted in transferring some stock ownership from weak to strong hands, and so I'll bet the stock recovers by next year.

fwiw,
Paul
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