Does anybody have any thoughts to offer on any of "our great companies" now that the market has provided possible buying opportunities in certain stocks? In particular, Harrahs, Hilton, LSI, Motorola and dare I say it, Fletcher. All of these are at 52-week lows.
Harrahs had a favorable write-up in Forbes recently. According to a recent AP wire report, Franklin Mutual Series funds (ex-Michael Price?) reportably are buying some Hilton as well as oil drillers (but not Core Labs). I've had Motorola shareholders curse the stock and say it deserves every bad thing that hits it, but I feel they could be one CEO-change away from a Kodak moment. Is LSI really that bad? A number of value and tech stock analysts have given it the nod. Any insights from tech-industry people? Can Fletcher's forests and oil wells really be worth only 2-3 times earnings when the rest of the industry is selling at much higher multiples? A lot of deep value private account managers I know (or know of) are reportably buying up oil-related stocks. [Disclosure: I own Exxon, Elf Aquitaine and Marathon - but I DRIP them regularly and plan to die with them in my will, worthless or otherwise, so I'm not trying to dump them on anybody].
And since JD doesn't like to sell, anything appear over the top? Everybody I hear is high on drug stocks, and since they're all selling at 30-40 times, rightly or wrongly, I'm shying away until the multiples come down, which may never happen until another political fiasco.
Any insights, experiences and/or other thoughts would be appreciated. |
