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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (52494)11/6/2013 11:25:43 AM
From: Paul Senior  Read Replies (1) of 78627
 
Tire stocks seem to have done well over the past 18 months. I sold MGDDY early; every time I reviewed it since, it or Goodyear, they've not seemed in bargain territory. Decided now I'll take a chance on Bridgestone, although that one's no bargain either in my view. Still, there may still be growth in the sector (the business) and in the stocks. I'll go with a few shares of BRDCY on the premise it might be a beneficiary of Japan's lower yen for exports (including perhaps exports of machinery to fill Bridgestone's plants that are outside of Japan). Bridgestone stock seems in line with competitor stocks; Bridgestone may or may not eventually have a benefit in being the world's largest tire manufacturer (largest, according to the company).

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