Grommit, my comments on some of the stocks you mentioned:
WM: I'm trying to buy more. I missed getting the price I wanted this a.m., so I'll wait a bit. (If there are 3 of us on the thread who've made a WM buy this year, I add WM to the 2002 thread list.)
I still have ABS and SWY. Sorry to say I only started an exploratory position in SWY when it was lower. I'm holding other grocery stocks as well, and now I'm also considering making an initial purchase in KR.
Housing: True, there have been some very good moves in the housing stocks. (multiyear highs) I suspect the conventional wisdom exists that housing is cyclical (and we're at the top). We see the housing price increases and media reports of big demand (which some say are indicative of a top or at least unsustainable). These "facts" all put pressure on us investors to at least take some profits now. I am trying to keep myself focused on the financials of the companies and the reported profits and the expectations these companies report, because I am trying very hard to resist selling. There is still room for upmoves, imo. (Insider selling that you notice is either normal for these executives now, or else there IS something they know - like getting out while the getting is good -g- - that we should be alert too. I choose, for now, to say it's normal selling.) I've not sold any shares of any of my housing stocks (stick builders) within the past 12 months (if I can remember correctly).
AMN: I have owned AMN for sometime before your purchase. AMN has bounced around between 60 and 70 (very roughly) for the past year. At mid to low '60's I considered adding more, but decided against it. Still, I expect the company to do to well over the next year or so, so I am holding the stock I do have.
APCC. I read where several professional value investors have purchased this. And in past, there's been some favorable comment on this thread too. I went to FRY's to look at surge protectors, and I was amazed to see so many different brands. That discouraged me from APCC, even though I suspect APCC might (?) be dominant in other market segments.
Given what I see now in Yahoo, p/e 23, p/b >2, p/s >1.8, not only will I pass on the stock, I will call it 'shockingly' expensive -g-.
SGR: Really nice move in that stock in past month. I looked at it near lows, but got scared away with media reports saying electricity costs may come down because so many power plants are coming on line; the media reported it might be very possible there's going to be an excess of such plants. (So SGR, which designs the things, would lose business and the stock would remain very depressed - I wrongly guessed.)
Paul S., who...
is likely to be wrong about other opinions he expressed here. |
