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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (22125)10/14/2005 10:54:49 PM
From: Spekulatius  Read Replies (1) of 78645
 
Added some more TYC to my starter position on todays weakness. Main attraction to TYC is it's FCF which exceeds it earnings (Capex is less than Depreciation and amortization) due to overinvestment in the past. i calculate FCF of 4-4.5B$ which yields a FCF Yield between 7.5-8.5%. Security, healthcare,electronics and components business all have leading market shares and the weaker plastic division will be sold.
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