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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (45138)	10/25/2011 9:57:18 PM
From: E_K_S	Read Replies (2) of 78670

Are you going to hold onto your ABT with their recent announcement to split the company into two different operating/stock units? I continue to hold MRK, PFE, ABT and have covered calls on GSK (Strike @ $43) which I will let go at $43. No real Buys maybe Medtronic Inc. Common Stock (NYSE: MDT ) in the low $30.00's and if the PE goes below 10 (Forward PE is now at 9). I too am a net seller in these stocks but will buy if PE's are below 10. finance.yahoo.com I am still waiting for JNJto go below $60.00. 6% of the portfolio is invested in Drug/Pharma. Fortunately, most of my positions are positive and pay ok dividends. FWIW, I am moving money into real property (about 10% of the portfolio) and should close on some units shortly. For the parcel I recently bought, cash on cash is around 9% but once all the deferred maintenance is fixed that may fall to 8%. This is equivalent to the yield on many of my preferred stocks and my buy in cost is around 45% of the peek price paid in 2007/2008 bubble price. Like with buying value stocks, I am probably early but these numbers have never worked like this for the 22 years I have been eying these properties. The kicker is that 15 year fixed mortgage money is the lowest I have seen in my lifetime too. A value bargain or a value trap? EKS

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