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Strategies & Market Trends : Value Investing
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From: Paul Senior3/29/2008 11:23:19 AM
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Returning to discussions of possible value stocks, I've added this week to small initial buys of hotel reit FCH and to GM.

I am hoping FCH dividend will not needed to be cut, or if cut, not eliminated as happened in '03. So far, business seems okay, but I am led to believe hotel revpar is a lagging economic indicator, so earnings declines could come later if/as USA goes into recession.

With GM, I'm hoping GM will continue to limp along at least. There's a strike at a key GM supplier, and that might force closure of some/several GM plants. Eventually strikes get resolved though. I am buying GM because the price/sales ratio at .06 is unusually low, as is the stock price (historically). An okay dividend (if it holds up) while waiting.
The company's perceived weakness in quality/reliability/desirability vis-a-vis products from Japan or Europe is not a reason for me to avoid the stock at its current price.

finance.yahoo.com
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