Investor2: Thanks for responding. I just thought you were a growth investor only. Pretty impressive portfolio of long term stocks you shared with us a few months back.
Speaking about trying to catch falling knives,
and FWIW and any discussion, I've taken a small position in Central
Garden (CENT) Friday in 11+ range. Down about 3 points as it failed to meet earnings estimates. I'll add more as, or if, it drops further. Per Yahoo, we're looking at a bv of 19 and a psr of .39. I generally like distributors at such prices. There's a likelihood (maybe a very strong likelihood), that CENT may lose a very key supplier (which maybe is and should depress CENT's price). On the other hand, CENT claims to have a "new and improved" grass seed that fights some virus and consequently, save ranchers tons of money. IMO though, it's worth a small bet. Bet being that we will once again see this stock at book value or better (and assumes that bv will not decrease -g-).
Also, FWIW, started to again scale-up sell my position in WKR (hitting new highs Fri.). Posted on here and bought by me in late '96, early '97 I think. Many of these 2nd tier defense companies have done very well over the past year or so.
Paul Senior |
