Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Madharry who wrote (29915)	1/29/2008 4:39:33 PM
From: Madharry	Read Replies (1) of 78711

ccrt has made my portfolio whole for the year up 20% today. this may not be for the faint of heart I purchased shares in a canadian real estate developer today. genesis development. They own lots of land in calgary and british columbia. their navs are purportedly above $C10 and I paid $C4.18 . There is a large inventory of unsold homes in calgary but they are at the center of the oil sands, and this company is not heavily leveraged. most their property is vacant land as opposed to unsold homes. Also the canadian market is vastly different from the us market in the size of the subprime market and downpayment required. The company sells for about 10x last year earnings i believe. shares are thinly traded. I also added to loser bsic a small oil and gas exploration company. The ceo owns a large chunk of the company and is in it for the long haul. So I will have patience with him.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next