Mike,
If we've been in a stealth bear market for a couple of years, it makes me more optimistic, not less. Since I've never invested where the action is, I'm finding more cheap stocks than usual, and for the first time in four years or so, I'm buying more than a couple individual U.S. stocks. I guess I'm what you'd call a boring Royce-like investor. Wondering if you, or anyone else here, have any feelings about some stocks that I'm thinking about dumping a little money in. If there's a theme it is that all are cheap by standard valuation methods, and are either in some trouble right now, or have earned money in ugly ways.
WAC Leslie vs. Calvin Klein. Despite all of Warnaco's woes, it STILL seems awfully cheap).
MOCO
HGMCY (Harmony Gold)
BNN (ex-Hees International, ex-Edper Brascan, now Brascan)
The only one I own now is BNN, which is always cheap, always underperforms, but always finds a way to make money. |
