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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (41732)	3/15/2011 2:27:30 AM
From: Spekulatius	Read Replies (8) of 78531

Unbelievable night in Japan. Full blown meltdown. I have been buying more in Japan 2501.T, Sapporo Beer. Has real estate business on the side. PE ~10. Down more than 20% today. This stock is 3rd Ave Value Fund discard. Isn't Beer always needed? 6466.T, added to Toa Valve. Down another 15%+ .Valuation is even more ridiculous or no valves needed any more :-( 8001.T, Itochu. Trading house with a raw material and energy (coal) focus. Especially coal ought to be needed. PE ~8. 5110.T Sumitomo Rubber. Tire company that appears to be restructuring successfully. PE~10. Emerging market growth. 50%+ foreign revenues. There is no rhyme to these stocks, they are just stocks I was following more or less and that seemed cheap, so I bought them all <g>. I bought about equal chunks of each. Either I am shooting fish in a barrel or I am getting 10 blooding fingers trying to catch a bunch of falling knives. Day's like today is why I like to carry large cash balances. My cash is now down to 27% and still higher in my taxable account (where I can't buy on foreign exchanges). Tommorrow is Europe's and US turn for some whacking. Happy hunting....

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