Had just barely heard of the Freres Bros co., not of Pargesa, interesting. Trading at a discount to its holdings, mostly French industrials, which are also trading at an unusually big discount because of the Euro crisis. Like a mini ETF I suppose. Probably hard to go wrong, but something to hold for a good while. Pernod Ricard is the
holding I personally would covet, but I don't know them all. Total, like lots of majors (BP!) v cheap at the moment, makes me wonder what I m doing fooling around with smaller Can outfits. I noticed Tesco was down, I am tempted by that too. Would think of it like a bond almost, not a spec. Speaking of co.s that are like bonds, did you ever take a look at Canadian Oil sands? I would buy it in a second if I did not already have so much hanging on the price of oil. Still might..
Imp's AGM is today. They upgraded their estimate for Mt Polley mine by 75%. If that happens a few times with Red Chris I won't be objecting.
Say, what is it with oil stocks, everyone is convinced that there will be a big recession all over the world? That must be it. |
