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Strategies & Market Trends : Value Investing

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To: Wallace Rivers who wrote (56644)	1/14/2016 6:54:20 AM
From: Spekulatius	Read Replies (1) of 78747

Added to my small position in Goldman Sucks (GS) for $158.X as it trades X below tangible book value ($162). JPM is also close to buy range for me ($55). CFR, the Texas bank with a decent track record. Is falling , due to concerns about their energy loans (~16% of total loan book, which is fairly high, imo). They have been fairly conservative in the past, but whatever you lend to energy companies at $80/brl is probably somewhat impaired right now. I am just watching this one. Sold my substantial TLP position yesterday for a profit. The rest of the MLP sector is getting totally destroyed and to some extend trades comparable or even lower than in 2008/2009. I have exited ETP a few days ago for a small loss and it trades 30% lower now. The whole energy sector feels like quicksand right now.

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