>>for those of you who have to swallow hard to consider the gorilla Qualcomm or the royalty Uniphase given their very high PEs (more apparent than real IMO - but so be it), Loral and Globalstar have royalty potential at bargain prices (maybe).
High ttm p/e is another Gorilla trait, but considering the explosive growth of revenue and earnings ahead of them, it isn't a metric that should deter a G&K practicioner. My current holdings are Cisco, Microsoft, Dell, and AOL, with ttm p/e ratios of 134, 79, 79, and 682, respectively.
With regard to "bruised and battered" opportunities, I've tried to catch falling knives before, and have never gotten the hang of it. Feel free to nominate them to Justin for his Watch & Wait portfolio; he needs a few to replace qcom now that I've swiped it from him for the G&K Index. Personally, I've only been looking for one new great investment to round out my holdings to a handful, and qcom is it.
Frank |
