advalorem,
Are you into value investing? If so, I have a different place for you to look at. Let me know and I'll respond via PM.
I'm doing okay personally. My investment club is one of 14 clubs selected from around the nation to compete in the CBS MarketWatch Survivor Contest. I've been pretty busy with that lately, trying to find some "guaranteed" winners that will do well over the next 14 weeks. If you haven't heard about it, go to marketwatch.com and <click> on the Survivor Contest banner. We're The LaughingStock Investment Club. I'm also competing in the individual Survivor Contest as well. <g>
Phillip Morris? Tobacco is one hot sector at the moment... Don't really follow 3Com at all any more since their growth rate seems to have up and died... And Cabletron Systems is really more of a GAARP (growth at a reasonable price) stock than a true value play... Of the three you mentioned, I like CS the best, but MO has the name recognition and CNBC publicity. You'll probably do well.
I bought Lucent. Unfortunately I bought it waaay too early. Back when Lucy was heady (in the low 60s), I had a (buy) target price of $35 on her. I never thought I'd see it that low though. When she bounced down to the low 50s and then plunged through the 40s, I thought I had a shot. Down into the 30s, back to the 40s and finally I bought at 36 5/8, which at the time was a (more than) 52 week low. Who knew that they weren't being completely up front with their future earnings and revenues guidance? I still kick myself over this one, because I pride myself in not buying overvalued stocks.
Yeah, Royal Caribbean has done itself proud somewhat, as has Carnival. But both stocks still have a long, long way to grow. Both are still way off of their 1999 highs...
Current value stocks? Short KREM if you can get a borrow. My most recent value pick was PLB (American Italian Pasta). I selected it at under 17 last September and it's currently at 32. A 500 pound gorilla in the making... I'll look around later tonight and see what else I can scrounge up. The market is too volatile right now. Everything carries much more risk than normal. The nice thing about lowering the interest rates though, is that now those nice safe Money Market Funds are paying less interest, so I suspect that may be just enough incentive to drive some more buyers back into the market. I don't know. I guess we'll see.
Best wishes to you...
KJC |
