Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.980

+2.1%

Nov 10 3:59 PM EST

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To: refugee investor who wrote (874)	6/2/2011 11:40:28 AM
From: Italian Investor	Read Replies (1) of 1366

Did you Read Tom Brown's little piece on BAC at www.bankstocks.com? Sooner or later (ok maybe 3-4 yrs) I think they could be paying $1 a share in dividends. Yea don’t tell anyone! Today’s news on the banks Moodys is thinking about a downgrade lol. Must mean it is time to buy much more! The FT says that Vodafone and Vivendi both have a pe of about 7, Yahoo says Vod has a pe of about 12.. I guess China Mobile would be a good way of getting Yuan exposure at a decent price. Actually I don't have much cash, only 12 or 13%, really only enough to wait for the trades I have already made to come around, although I get tempted by things and will be very tempted if there is another big sell-off. That is the plan at the moment, do nothing! Good plan cash is valuable! Would also be tempted if Imp had a selloff, much easier to make $ with a cap that small than one with 100's of billions. So, managed to mention Imp on the Imp board! LOL yea that was the first Imperial mention in a while what do they do again lol. For me I like distressed sectors so I am hunting in Japan, US Largecap tech names and the hated financials. I go wherever I think is the (cheapest) best opportunity to make money. Hopefully a year or two from now everyone will be bashing the medals and moody’s will be downgrading the medal names. Templeton was buying Japanese companies back in the day and everyone was calling him nutz, but what he saw was the cheapest place to be a distressed area selling for what 3X-4X earnings and he made a killing. Japan right now is pretty darn cheap when netting out the cash and looking @ the assets on a lot of names you can buy them for a –P/E lol. What other country can you find many companies with the share price in cash and the company still earning money? Holding names that are reasonably priced sometimes is not the best idea when you can find something much cheaper. Big reason why I been taking profits on JNJ recently. Why hold a great company that is okie priced when Mr. Market is offering you a bunch of names @ unbelivable prices. JNJ is not expensive here there is just better value elsewhere. This buy and hold forever thing does not work for me when something is fairly valued I believe you should sell it, if you see something much cheaper. Most people I guarantee you will not have good rates of return if they have no turnover. They sure are not going to avg over 20% a year like I do with no turnover unless they are growing up in Brazil, China and India and they pick out the great companies over there when they are cheap and hold forever.

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