Jeffrey Bash et. al.: re: CALM and moving on to TECUA
I need to step back from CALM a little. CALM looks good, maybe margin of safety for me is when the commodity is in trouble and/or stock drops below book. Buying right now in up cycle maybe...maybe too soon. I'll wait a bit and mull it over.
Long time value investors: You may have come across Tecumseh Products? Always seems to have been a mundane industrial, I suspect favored by value players. I don't own this one - never have, but I see they have just announced a stock buy back. Actually, (- and maybe as always for this stock -g-) the stock price looks pretty good. Earnings are down, will be down... (some Brazilian bus. issues), p/bv =1.1, ROE about 11%, pe range over past few years about 8-12. Some protection with 2.4% div. yield. Conservately managed, seems like-- not too much debt. Steadily rising bv, slowly increasing sales. That's TCUA at 49+, trading off its low for the year. Could be a good solid, albeit slow, performer in someone's portfolio. Anybody got any info. or opinions on this one?
Lots of good stocks out there. Sometimes hard to chose among them (even for a guy like me who maintains a large no. of issues). |
