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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (41294)2/1/2011 11:02:39 AM
From: E_K_S1 Recommendation  Read Replies (2) of 78715
 
Hi Paul -

Abbott Laboratories Common Stock(NYSE: ABT ) - Buy
Covidien plc. Ordinary Shares ((NYSE: COV ) - Sell

Followed you into Abbott Laboratories Common Stock (NYSE: ABT ) with a starter position. Company shows a forward PE of 9 and currently yields 3.9%. Stock still trades like it wants to move lower, so my initial buy is small.

I peeled off a few shares of Covidien plc. Ordinary Shares (NYSE: COV ) that I bought 11/1/2010. I still like COV but the dividend is much lower and w/ good earnings today it seemed like a good time to swap out of a few shares of COV and buy some ABT.
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Closed out stub positions in both PACE OIL AND GAS LTD(OTC: MDOEF.PK ) and Banco Bradesco Sa American Depo(NYSE: BBD ).

Peeled off some shares of Enerplus Resources Fund (ERF) to finance the purchase of more shares of Penn Virginia GP Holdings LP (PVG) as I continue to build my position before the PVR/PVG merger is finalized.

The recent McDep report ( mcdep.com ) still shows ERF as 13% undervalued. Some of the Small Cap Oil Stocks are getting close to fair value according to McDep. LINE is one that popped out to me on their list.

As oil moves above $90/barrel, I am tempted to peel off a few shares of my large integrated oil(s) and redeploy the funds at a lower price in the future. For now I will continue to hold....

EKS
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