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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (51885)10/14/2013 10:49:13 AM
From: E_K_S  Read Replies (1) of 78717
 
Noble Group Limited (NOBGF) - peeled off some high priced shares
Nokia Corporation (NOK) - Closed out NOK

Booking loss in NOBGF and may revisit in 31 days. I like the company long term but w/ their leverage debt position, commodity price swings in Brazil and other countries, NOBGF has a hard time maintaining their margins. The positive is the markets they deliver to (China) are growing and should do so for many years.

Closed out my long term NOK position as the stock has moved much higher since the spin off of phone division to MSFT. I am not sure if NOK can grow their business off of their patents and cell tower services like in the past. I will focus on other plays for now and move on from this name.

EKS
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