Congrats. Good showing. I was doing some ledger work today and got a little depressed.
I am tempted by Tesco too. I missed out on Walmart under $50, also BUD, through thumbsucking, Tesco looks good, though the metrics are a little different on various websites, FT vs Morningstar vs WSJ for instance. I think some sites miscalculate the ADR because it is the same as two regular shares, but then that is a big difference. I would feel better about buying it if the markets were not so high.
How did you pick your nat gas play? Many co.s seem to be selling off assets to get by, even Chesapeake. My dog PMT is now trading at $.88 and it would be a good time to double down if I were sure they were going to survive. I think you are right that it may take a while for gas to recover, easily a couple of years. The funny thing is everyone always says buy Canada, energy in a safe country etc, but nat gas in Europe is about 5x as expensive so the Russian bandits are also making out like bandits. There are a couple of cheap co.s there.
I am afraid that Bob R. will be proved right, but that could also be in a couple of years. Maybe next year after the election, if the election cycle is reliable. Jim R has been saying the same thing. (He also said you should buy stocks when the p/e's are 9 and div's are 6%, which is pretty close to Tesco)
Have you come across Raging Capital Management? Someone was talking about it. They also have a position in a good sounding co, Taro Pharma, which alas has already made a move and I think is in play, but still not expensive. Maybe one to keep an eye on if it stays independent. |
