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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (30005)	4/11/2008 12:19:50 PM
From: E_K_S	Read Replies (1) of 78673

Started a small position in GLAXOSMITHKLINE PLC (GSK). The stock is trading near its 52 week low, has a forward PE around 10 and yields 5.8%. This is one of Buffet's recent purchases where he bought a small position in late 2007 at $43.80. The stock has been upgraded recently from under perform to Hold. Why Did Buffett Buy Glaxo SmithKline and Kraft? seekingalpha.com According to Morningstar's Fair Value Estimate, GSK's intrinsic value is $57. At current prices, this represent a 33% discount to the long term intrinsic value. My small position allows me to further diversify into a large cap international stock, lock in a good dividend and buy in at a discount to the long term intrinsic price. EKS

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