Paul, re: OLS I think you said it all. I think a company this healthy is bound to turn around, but you just never know when, or this stuff would be easy. I would prefer not to think about what the co. does, but focus on the value stats, which don't lie. I just haven't been thinking about this co. because, as you said, nothing will happen for a long while, and I have much more spectacular losers to keep my attention. Maverick Tube MAVK, is a big decliner, but cheap on a p/e basis. Those can be tricky, though, because the "e" in p/e can change so fast. That energy sector takes a strong stomach to invest in. RJR Nabisco has been fun to follow (down) as the news stays about the same, but perceptions just seem to worsen. I was encouraged by a recent article in Smartmoney online (http://www.smartmoney.com, see 5-day archive: The Next Big Opportunity) about what value managers like now. Tweedy, Browne (I worship them) owns UST, Mutual Series funds (Michael Price, et. al.) owns RN, Oakmark Funds owns MO. Smart people recognize the value there, it just takes time for the rest to catch up. Happy investing.
p.s: you might go directly to the article I mentioned with this URL:
smartmoney.com |
