To All--
We've surely noticed that the W&W list has done far better (thus far) than the G&K list. Not terribly long ago, many of the W&W's would have been mere "shiny pebbles", while at the same moment, those we have on the G&K list would have probably already arrived there....MSFT, CSCO, INTC, SAP.
So I'd like to apologize to Mike P. for being abrupt about WSW...he may have a shiny pebble...I suspect not...but that's me. However, do any others feel, as I do, that searching for shiny pebbles, and sharing our findings, those ought to be part of our activity here?
By their very natures, it seems to me that there will be more rotation in the W&W list than in the G&K list...so replacements need to be identified.
New subject: I haven't pulled a trigger on UNPH, partly because it strikes me as having the characteristics of a roman candle...and then performing much like AMAT. This introduces a timing question as to buys and sells...and I've repeatedly demonstrated to myself that this is not part of my skill set. Have I missed something, or do others agree.
To Lindy and Mike B: I have a lot of trouble accepting comparison of PEGs. If the numerical comparisons...sector, market, industry...are in any way valid, then a low PEG for a subject company says that a lot of observers (other investors) have looked at it before me, and concluded that an unfavorable comparison is warranted. OR, it could mean a large number of investors have not looked at it and it is way undervalued. OR, as Mike B observes, the comparison is invalid on it's face. These three alternatives just don't compute...I think you have to examine the company's business plan, come to some informed judgement about that, and make your decision. Years ago, I nixed Polaroid early on. My father was not so persuaded. No PEG would have helped me then. Vision, even 20/100, might have.
Re SFE: It's that vision thing. Here, you must have absolute confidence in the ability of SFE to pick and choose viable proposals. And like the Navy's fly boys, they're only as good as their last landing. CMGI seems to have a track record...SFE needs to demonstrate the same.
Sorry about the length of this. I know we're all looking at the right companies, it's just that some are going to be more "right" than others, and still others are going to be more right than those we have now.
Jill N: You busted Lindy right in the chops. I nearly died laughing. What a show. |
