I'll take you up on that
Ambac (ABK) - municipal bond insurance - long term hold, probably a bit ahead of itself now, but I don't want to pay capital gains tax. Phenomenal long term story, but it will take some research to understand the accounting. Look for 12x earnings (its now 15x)
Clayton Homes (CMH) - manufactured housing - broke out on the upside today. Not a buy now, but not a sell either.
General Mills (GIS) - I bought it well. The P/E looks high, but understand the business. Long term hold, and I still consider it reasonably priced.
Nu-Kote (NKOT) - printer cartridges - an absolute disaster, but too cheap to sell. I thought I was a genius when I got in at 6. It fell below $1 a week ago, but I was too scared to buy more. Now its 2. (just to show that I'm not just putting up my winners just to look good)
Jenny Craig (JC) - another dog. I'd buy this one at 7 if I didn't already own it at 8.
Red Roof Inns (RRI) - hotels - trading at the value of the real estate, but there had been a lot of construction in their market. Be careful, but it has seriously underperformed in the last year. Pretty good business.
St. Joe Corp. (SJP) - Florida real estate - quite simply, the best value play I have ever seen. But that was at 65, before a $10 dividend (now its 83, 9 months later) Its still a buy, but not a steal.
Silicon Valley Group (SVGI) - semicon manufacturing equipment - a double in the last year. you're two months late.
Tejon Valley Ranch - (TRC) - California land. this one ran from 19 to 27 in a week two weeks ago and has come all the way back to 22. Its worth 30-35. Very similar to St. Joe. Study the news releases on this company over the last six months and the story should jump right out at you. This one's a buy if you're patient.
WHX Corp. - steel - courtesy of Mike Burry, except I understand he sold it too soon. Its still cheap. Trades at 10 with a 25+ book value. Its probably worth 15 and will get there in the next six months.
There you have it. I'd love to see some of the other respected friends I've made on this site do the same.
OBVIOUSLY, I HAVE NO INSIDE INFORMATION ON ANY OF THESE. ALL I CAN SAY IS THAT IF YOU LOSE MONEY ON THEM I DO TOO. DO YOUR OWN HOMEWORK, BECAUSE I DON'T WANT TO HEAR ABOUT IT OTHERWISE.
Jim |
