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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (32465)	10/15/2008 3:13:55 PM
From: E_K_S	Read Replies (1) of 78666

I have my eye on several companies but am waiting for oil to hit the $60's/barrel level. I am hoping that we will see another capitulation where I can lock in some good Canadian Oil Trusts. My fear is that Obama will implement a U.S. windfall oil tax so I want to be loaded up with non-us oil and gas producers. There is some speculation that the new conservative Canadian politicians will re-evaluate their position on oil trust taxes. Hopefully our previous low will hold but I am seeing this sell off widen to the tech stocks. Several of these companies are lower today than they were on Friday. I will nibble at a bit more PBR if it sees $24 again. Some of the conglomerates that I am watching could fall more so I will hold off for now. I would like to pick up DD below $30 but it's tempting at current levels especially with a 4.4% dividend. One interesting measure I am using to pick value here are those solid conglomerates that have a history of consistent dividend payments that yield over 5% seem to be screaming buys. Many of their dividends are now in the 4% area now. Option expiration may also be playing into this volatility. Friday is the option expiration for October. EKS

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