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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (16552)	3/8/2003 3:07:49 AM
From: Spekulatius	Read Replies (1) of 78640

<< NHY (Norsk Hydro):>> yes indeed NHY is a solid stock. I do regard NHY as an oil play, since about 80% of it earnings currently are generated from its oil operations. I think about doubling up my initial position after my customary 30 day waiting period after the 1st purchase is over. Yes I am following my trading rules pretty religously these days. I sold my position in PFE. Fundamentally it looks very cheap and the sale is a little opportunistic since PFE jumped a bit the last few days. The reason i sold is is due to an asbestos liability I discovered snooping around in 10k statements (heritaged through Warner-Lambert) and the fact that assumed Pension returns are at 9%. This does not fit the profile of an ultra conservative company any more. I have no idea if the asbestos liability is significant or not but I decided to take my trading bucks for now. I am looking for another investment in the pharma sector right now - ABT being my favorite. I doubled up my starting position in GD. The stock looks cheap and I didn't found any indication of funky accounting in its balance sheet or 10k statements.

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