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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (42155)	4/6/2011 4:06:22 PM
From: E_K_S	Read Replies (3) of 78516

Your list of trims is helpful. I am finding that most are in the 18 month hold time frame. I now use the Subject Search feature on this and other threads before I make my buys. Several of your posts come up and remind me of why I like the stock (the value opportunity) and where my entry point should be. GOV: I currently hold shares. This is on my buy more list below $25.00/share *GOV selling a little more @ $26.98; shares bought 11/10 @ $25.69. I'll try to buy back these back at lower price*. How do you manage these "Buy back later" candidates? Do you use GTC orders or maintain a "buy" watch list or like me a mental note? I need to set up a better system as these take time a patients to come back into the value buy territory. When we do have a sustained 15% correction, I want to be ready with my "buy back later" stocks. NI. Trim some at $19.26; bought 10/10 @ $17.76. Most utility stocks I am following are near 12-mo highs. At this time, I'll take a chance on SUG by switching into a little SUG @$28.71. Whereas NI has some superior metrics such as lower p/bv and much higher dividend yield, SUG has been consistently able to increase its book value (not so with NI). I may be able to live with that longer than I can tolerate NI's stalled growth in stated bv and low returns on that book value. I will continue to hold my NI position (1/2010 @ $14.86). I made one sale a bit too early 7/2010 @ $16.35. Although the dividend is now below 5% (actual yield 4.7%), their forward PE of 13.28 is lower than their trailing PE 18.51. (Note: Not the case w/ D and that is why I closed out that position the other day). NI's NG transmission pipeline network (15K miles of interstate pipes) and storage infrastructure is a valuable asset. These assets come into play especially with all the new US domestic NG. Both MDU and AGL have huge NG storage infrastructure and are on my value buy watch list but at lower prices. I also own SE (same industry) but it is on my "to be" sold list (and will close out my position) since the dividend is now below 4% and their forward PE is almost above 15 close to their trailing PE of 16.5. I acquired my share 2/2009 ( @ $13.28) and sold 50% 11/2009 at $19.50 (way too early). At $27.10 the stock is close to a multi year high. This is another one that I will put on my buy back later list but at lower prices once I close out the position. EKS

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