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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (62034)5/20/2019 6:23:39 PM
From: E_K_S  Read Replies (1) of 78667
 
That's a good point about insider buying. I guess I should review that too as well as those buys by the Gurus from www.gurufocus.com. I have had pretty good luck following Karl Icahn. His son Brett is a Director at NWL w/ two 100K buys in last six months, so I continue to hold/add to my losing NWL position. Icahn Enterprises owns 9% of NWL at much higher prices too.

It's hard to get into a value stock if/when these financials turn, so I too am early on many of these. My exit strategy is then to sell my high cost shares (when I can book a gain) after the financials improve.

The one problem in buying too early is that sometimes these are value traps and you never get the improvement and/or it takes much longer than expected.

FWIW Mario Gabelli, has increased his position in NWL (+129%) w/ last buy 3/31/2019 which is encouraging.

EKS
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