Hi Madharry. I'm playing catch the falling knife with a few knives:
Today, I added to my small exploratory position in CA.
finance.yahoo.com
Here's a blurb discussing somebody's list of undervalued stocks (which includes CA). Some of the stocks have been mentioned here or on Buffettology (INTC, SYMC, MSFT):
hmt.hoovers.com
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I've been considering downtrodden Circuit City and/or Best Buy. Instead, I decided to start a small exploratory position in Tweeter Home Entertainment(TWTR), who are up-scale and less diversified than CC or BBY. I am hoping these are all friendless, beat-up stocks, near their low, but with a business model that still works okay. TWTR financials show no ltd, price near book, mediocre ROE, not a lot of history.
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MGM- (It's the movie business, different from MGG, the casino business, a separate entity)
biz.yahoo.com
Who can know which of their films might be successful enough or exciting enough to propel MGM stock from its lows? And who can tell what their apparently vast film library is really worth? For that matter who can say how low this stock will go or what its fair value is? Here the bet is strictly on management. Buyers now get to purchase at a price below which Mr. Yemenidjian has made open market purchases. He runs MGM for Kirk Kerkorian. My impression is (I don't know the factual record), that people who've followed Mr. Kerkorian into his investments have done very well (Chrysler being the prime example). Another sign is that Priscilla Presley, MGM director, has made her first open market MGM purchase. (159 shares according to Yahoo). What THAT sign might indicate though, I do not know. -g-
Still, I've started a small exploratory position in MGM as well.
Paul S. |
