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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (34426)	5/9/2009 5:33:04 AM
From: anializer	Read Replies (2) of 78742

Looks OK to me. Surprised at healthcare in general but I suppose I shouldn't be as the powers that be are encouraging more risk taking and less defensive stocks. On another note my OLP has now usurped my DFT position which was my largest. I like OLP alot because they are not losing money but making good money. In addition it sells at a 65% discount to the value of its assets. So dips haven't shaken me, and I believe dips are opportunities. Based on the chart, I think this is going higher. Key is when to enter a trading position, but if and when it offers up an opportunity, this is a good one with alot of upside imo. With regards to CT, this one I think requires some nerves of steel and a stomach made of iron being that the low priced issues like this are subject to 30% daily swings. But the bottom line is that it's got a tangible book value of $14.66 a share after, and that's after this last report which saw them lose $3.28 a share. I doubt we will get those types of large loan loss reserves again, and there were alot of one time refinancing of debt expense charges. It's a gamble but I see a couple of positives, mainly its too cheap. My hunch is that the stock down near all time lows tends to act that way to shake the last of the mohicans out before it makes a move. So I've been hanging on and trying to develop a tough skin to the daily gyrations. I had too much though and let some go profitably. Somewhere between the tangible net worth and the actual price where it is, there has to be a higher happier median. There is just to big a spread between what its worth and what it sells for. Even if they report more losses they would have to lose another $13 per share to justify this price and I think that's unlikely.

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