The Fido phone quote system is the only place I've been able to numbers for FSLCF, the latest number I have is 10.57. So it's getting a pretty good start. Fido doesn't open new funds very often, and they like to make sure that they perform well in the beginning by putting the best people on them. I think this could be a good opportunity.
As for FSESX, I'm on the record for saying that any opportunity there is long term. The short term move from 24+ to 31 1/2 is great, but I'm really interesing is seeing it double money every three years for quite a while. Yes, there's alot of oil out there. Yes, asian demand may slacken. Maybe the OPEC nations and other will be successful in cutting back on production. However, production is very close to capacity and it's easy to move from 90% to 100%, much harder to move from 100% to 105%, especially considering the long lead times to build new equipment.
Who's watching FSTCX? Big recent move upward there. Likely to continue? I think so because even though you've got companies like LU with astronomical PE's, equipment and services are in big time demand. Growth rates for the individual companies are impressive and outlook for the industy is bright. Also the press that consolidation activities, like the LCI and Quest merger, keep them in the news and focus the attention of the investing community.
In case anyone's wondering, I try to divide my posts evenly between fact and instinct. This one is of the instinct variety!
JMHO :)
Cheers,
Larry |
