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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (24749)	8/29/2006 3:38:56 PM
From: E_K_S	Read Replies (2) of 78763

Started a new position in COP (ConocoPhillips (COP)). Stock seems cheap at 6.00 PE w/ a small dividend of 2.2%. Warren Buffet recently bought a position and it seemed like a good sector to add new money to. The oil sector is one of my core portfolio holdings along with Drugs, Shipping, and Financial (i.e bank stocks). finance.yahoo.com I also added to my WON investment at $7.37. It appears that it may have bottomed. The company just announced a new multi-year agreement with Cumulus Link. biz.yahoo.com From the article:"...Westwood One, a provider of content for radio and television programs, announced Wednesday a multi-year agreement with Cumulus Media effectively affiliating every Cumulus radio station with the Metro Source newswire service, its subsidiary...." WON has excellent free flow cash ($1.31/share) and sells at a PE of 11. WON could be a potential double if management can develop new revenue sources (Internet & mobile media) and begin to show a profit. EKS FWIW WON is my value play for 2007 and I continue to accumulate shares at prices below $7.50. Depending on your strategy you can write covered calls on WON to increase your overall return while you wait for the stock to rise. The dividend currently yields 5.60%.

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