ETN. I like ETN as well, and have held on to my shares. Stock has moved up from lows of last year -- maybe now past what a value stock would be. And so the thread's seen at least one report of a sale here (Jurgis Bekepuris post). I believe in this market, stocks like Eaton can go for a higher price than what they might trade at if interest rates were not low, balance sheets weren't relatively strong. And so upward revisions to p/e's happen. So I am holding on to my few ETN shares.
I have several stocks mentioned on that list. Not saying that I agree with the author about the possible stock prices he envisions -- only that some of the stocks seem attractive to me. MPC, for example, the #1 pick, is one I have a few shares of.
I bought a spec position in Teradata (his #2) about a week or so ago. I like it's possibilities. I mention my buy here as an aside. Imo, it is not a value stock. Again, in my view, IF the market holds up, and IF TDC can hit analysts' earnings projections, it's possible the stock will sustain its high p/e -- at least for a while. I hope (and gamble a little). |
