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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (37877)5/21/2010 1:35:58 PM
From: E_K_S  Read Replies (1) of 78748
 
RE: Fluor Corporation Common Stock (NYSE: FLR)

Closed out my FLR position. Booked my profit (what's left of it -Ug!) and have been using the proceeds to buy many other "new" value buys. Also peeled off some shares of SHAW for same reason.

Better than equal chance of double dip recession IMO and time to take my infrastructure "stimulus" stocks off the table (at least cut back significantly). I did not want to lose my profit to date on these and with the recent sell off, many more of my LT value buys are on sale again. Most are down almost 10% and better yet, their relative PE's are now nicely in my BUY zone (11 PE or less).

I am expecting a more sustained sell off in the next few trading days as we test the S&P 500 200 day SMA. Eventually, we should end out the other side to the upside again but this sell off needs to shake out more sellers. Generally we over correct and I expect this time it will be no different.

I will be deploying new monies based on a new corollary theme in the NG sector that I have been studying. The key to these value buys are companies that have a better than average "low" debt profile, are committed to shareholder dividends, can maintain their pricing power even in a low growth environment and are the industry leader in their sector.

I also have one company in the group that should benefit from a lower and/or falling EURO. It's time to look at investment themes that benefit from moderate domestic GDP growth (limited expansion from stimulus monies), a falling EURO, and sectors that are not impacted by new government regulations (ie. financial, off shore drilling etc.).

Stay Tuned . . .

EKS
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