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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (20632)	2/8/2005 7:45:16 PM
From: Grommit	Read Replies (3) of 78686

ANF, CLE and BHP. CLE is a retailer with zero debt. And the ratios are a bit more forgiving than ANF. I bailed on ANF mid-january and late-january. Economist Magazine has an article in Jan 8 edition concerning Steel Prices and Coke. Outlook for Coke (not the drug or drink) was exceptional. Here's a few clips from the magazine. It cause me to up my investment in BHP last week: Nippon Steel agreed on new prices with BHP $55 per ton old price, $125 per ton new price. "This week, POSCO, from South Korea, made similar deals with BHP, and Rio Tinto, number two in the trade." China just signed 25 year deal with BHP. JFE Steel (japan) agreed to 20% stake in a venture led by BHP... etc etc etc The steel makers haven't been worried about price, "The Steelmakers' real worry recently, however, has been getting the stuff." "The price of these raw materials (coke for the steel makers) rose fast in 2004. They are likely to continue that way in 2005." grommit

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