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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (38401)6/30/2010 7:43:16 PM
From: E_K_S  Read Replies (1) of 78476
 
Paul - I should probably hedge my bet on SVU and start a position in WMT. I do own Tesco which is sort of like a WllMart in size however I never considered WMT a value stock. Their forward PE at current prices is now below 11 and the dividend yield at 2.4% is equivalent to that of SVU. Maybe WMT is entering value territory too.

Since this was the last trading day of the quarter and for June, perhaps the last hour of selling was due to funds selling their looser positions. The summer rally should start soon.

There does not seem to be any place to hide. The food stores seemed like a logical defensive play but it has not worked this month.

EKS
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