Still holding my URS shares. Some updates follow:
I sold 3/8 of my position in thread favorite, BAMM, on today's pop. (Not a valuation call; I just got tired of holding and waiting.)
In past couple of days I scared myself out of 1/3 of my shares of DCX. Also about 1/2 of gaming stock MGG.
I added to exploratory position LH after it received a brokerage downgrade a couple days back.
I've been working on establishing a very small position in thinly-traded real-estate operating company AQQ. I like the insider buying. (Risky stock. The company is losing money as it tries to nail-down what its core business is and what its geographical focus will be.)
I added to small position in crum-bum managed THC. This hospital sector looks relatively inexpensive to me. I've started a position in TRI. Here's a company with okay p/e (10-11 expected this year, per Yahoo); l4 of 19 analysts with buy or strong buy on the stock (This could be a negative! -g-); and selling below stated book value. There's not a long period of public history that I see, but it looks like p/sales has come down, possibly to reflect reduction in medicare payments. I notice several value investors have (or had) positions in the stock, viz. Sound Shore, Ruane,Cuniff. I assume there's competition among hospitals, but I also assume there are barriers to entry in the business. Regardless of government payments/rules/regs it seems like hospitals will still be in demand, and its hard to see how foreign competition can hurt them (although some elective surgeries might be done cheaper outside the USA).
jmo, and I've been wrong many, many times.
Comments welcome regarding these stocks.
finance.yahoo.com
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Appears to be good timing on your part, Bob Rudd regarding URS. Nice example of being flexible, imo. |
