edit-oops meant to send this to other guy-oh well he'll see it----
mailed it to myself- here is Zeev's original post---
Hi Bosco, here are 10 suggestions for "Core" holdings.
MRK, BA, MO, AGM, COO, POOL, T, AAPL, IGT, AW.
Remember this early April post?
Message 13349933 ?
Well, I am still bullish on MRK (I have held it in my core for quite a long time, and finally got stopped out at $58, in February but got back in at just under $53 barely two weeks later in early March, I hope rfisher got in at that time as well), it is still bullish here, and I fully expect it to go to over valuation in the $110 to $120 area.
Here are few other that are still in my "core: and which I expect will do fine during the coming turmoil:
MO (I mentioned it few months back here at $28), it is now in the trading range of $41 to $46, and the SL here is just under $38. I think it could go to the $65 tp $70 area.
BA (I was rec' it in the March May period under $40) is still in an uptrend as well, it could be bought probably in the $62/$64 area (SL, $58), its target is $100 or so.
AGM, this is the Fannie May of the farmers, with a market cap of about $250 MM, sometime in the next ten years I expect its market cap to be in the billions. It is part of my core for more than 2 years now, and this one I simply add to on dips. Right now, good buying points might be in the $19-$21 area.
Two other that are attractive here and I think could do well during the storms ahead are COO and POOL (both of which I mentioned here I believe over the last year).
For those having long term patience and looking at slow accumulation in a declining stock for the long term, I think that T at $16 (and it could go further down to the $13/$14 area) is a steal. Not only it is almost half of book, this company is a power house in the cable industry, the net and of course telecom in general. Similarly, AAPL is probably forming a once in five to ten years bottom here near it book value of $12, it could be bought, IMTO in the $10 to $14 area.
IGT, is a little over extended here, at $48, but if you can catch it in the $39 to $43 area, on the swoon down in Feb., it should do well thereafter.
Last, is really a mondane play, but recession or not, garbage must be picked up, so it is a defensive play, Allied Waste (AW), it is over extended near $15, and I believe you can get it in the next two months for at a discount of 20% in the $11.5 to $12.5 area, if it gets under about $10.5, it may continue much further, and you may not want to keep it.
These are not "trading" vehicles like the quartet or th semi-equip (which as a group are also approaching a bottom, but late February/early March will probably be a better timing for long term entries in those). |
