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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (29339)	12/19/2007 11:27:55 PM
From: Spekulatius	Read Replies (1) of 78918

PLA, RICOY, SWCEY. PLA was a very controversial value pick but i have 2 other ones that have not been brought up in this board and may please other value investors as well. RICOY.OB (Ricoh). Fairly well managed (IMO) Japanese office automation company. PE around 12. P/B 1.4. They have a good growth record and i think that management is fairly shareholder value oriented 9at least for a Japanese company tse.or.jp (Type in Ricoh in the company Name field) SWCEY, SwissRe. Large swiss insurance company. Around 30B CHF market cap and they recently had to write off 1B CHF due to credit guaranty losses. Credit Guarantee is not a substantial business line for them so this was a nasty surprise. Management claims there is no other exposure. Stock trades around 70 CHF. Book is at 82CHF and earnings are estimated 11 CHF this year. Dividend yield 4%. This is a cheap financial stock with a hopefully very limited exposure to the mortgage mess. I have starter positions in both, purchased today.

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