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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (22164)9/29/2005 3:46:16 PM
From: E_K_S  Read Replies (1) of 78753
 
Hi Paul - These all go in cycles. I finally had a recovery high breakout today for a company I have been holding just over 24 months. I noticed I started acquiting shares at $4.50 and more at $7.00/share and $7.50/share. I decided to take some off the table by selling some April $15 calls.

What stock is this??? El Paso electric EP. Stock got clobbered in 2003 and I started buying in April 2003. The company has (or had) a lot of assets which they have been selling to reduce debt. I guess the recent run reflects the value in their natural gas holdings. Lots of talk on the street that natural gas prices will be quite higher in the months to come.

I am seeing equivalent moves in the other natural gas and distribution companies I have been acquiring in early 2003.

This is the nature of value stocks. You buy them when they are out of favor, as they hit multi year lows and still have a core holding of undervalued assets. If you wait long enough, the street will come back again and see these stock as a "must have".

My EP, GLW, HAL,XOM,MRO & CVX are but a few that are the "must have" companies now. I am sure your basket of undervalue companies will be on the "must have" list soon. I also think many of the drug companies should be acquired at these low levels as they are trading at multi year lows too.

EKS
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