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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (73190)	7/27/2023 2:26:40 PM
From: E_K_S	Read Replies (1) of 78958

I did a small buy with a few more adds every 5% lower. My thesis is w/o any merger it is a value Buy at 13x PE and zero debt. If MXL has no interest, there may be others that might be interested. Speculators will sell their shares cheap as it appears no real big gains to occur in days or weeks. That's when I like to Buy. I have limited Tech ownership as it's hard to find a GARP Tech stock selling below 16x PE. QCOM is another one I have been accumulating but at/near $105. Current Forward PE 19x. Also has potential in AI services. IBM is one I have been accumulating but at/near $125; Forward PE 14.83x. They just acquired a cloud service company for $4 Billion and continue to grow that business. Generate growing FCF. I did sell 5% of my IBM high cost shares at $141.50 today. Plan to hold the remaining to see how much their cloud services grow. GOOGL was buying this at/below $100 but failed to get to a core position. Current PE now at 22.5x and they continue to grow their Cloud business (not so much for MSFT). GOOG has many different projects that could be huge in the future. Will be adding to this position on any sell off. Only at a 1/3 position currently. --------------------------------------------------------------- My takeaway; force yourself to add shares (even in the face of a 'crash') when they get into your value zone. You can always let a few go on any significant rally. These larger Tech companies generally do not fail. FWIW, I do own INTC but for the longer term w/ no earnings. Built a nice core position w/ avg cost at $29. Top Tech holdings: IBM, ORCL, INTC. IBM & KLAC

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