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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (52616)10/29/2013 12:24:00 AM
From: Spekulatius1 Recommendation

Recommended By
Jurgis Bekepuris

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SWRAY - Swire Pacific @11.46$. I bought a few shares today, since i think the price is right. Current price in HK is 17.6HKD while book value is ~29 HKD. bubbly real estate, that is a nice discount, especially since some of their operations like the bottling ops, the aircraft support or rig support operations are worth more than book. The stock has been a laggard, probably because their stake in Cathay has been dead money. Nevertheless Cathay airlines has been perking up, yet Swire Group stock is still sitting there.

This is a small stake only. I think I owned this once in the 1980's and don't recall making a lot of money on it. Nowadays, i do get 4% dividend while waiting.

I have bought a couple if these lower conviction stocks lately. My compromise is to buy small positions only and see how it goes. I might sell those out, if something comes around that i have higher conviction in. As Paul states, i found it difficult to do nothing.
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