Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Brendan W who wrote (15621)	10/9/2002 9:58:16 PM
From: Spekulatius	Respond to of 78505

I bought a starter position in TROW today. PE is about 13, capital requirements are small, so there is a lot of free cash flow to buy back stock and reduce debt. TROW funds are at least above average and they have a positive money flow in their funds, albeit not enough to compensate for the shrinking market values. Should the stock market ever come back, TROW should have a nice earnings leverage. Oh, they pay a 2.77% dividend as well.

To: Brendan W who wrote (15621)	10/15/2002 12:13:59 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78505

Some nice moves in many stocks just suggested on this thread in the last few days. I'm sorry I missed so many ideas while I took too long to analyze and cogitate. Guess that happens when opportunities seemingly abound. Not a great day be buying imo (most stocks are being marked up), but I'll open my wallet for a couple: I'll start an exploratory position in DO today. I see DO as undervalued at current price, but maybe due for a pullback because it's already quickly moved up from its low a decent percentage (but only about 2-3 points). That's a small number though compared to where the stock has been and can maybe go again (I expect to hold it for 18 months or more to find out.) Am I the third thread poster and buyer on DO? I also will add a little here to my losing position in SWY. Wal-Mart may stop the larger grocers' growth, but at SWY's p/e of 8, that seems to me to be fully reflected in its price. finance.yahoo.com

To: Brendan W who wrote (15621)	10/17/2002 4:25:32 PM
From: Paul Senior	Respond to of 78505

Brendan Watt: again, nice move in some of the stocks you've mentioned just recently. And once again I will follow you into one more of your picks. I'll take on an exploratory position in controversial OCA. I'm not comfortable with the business model as it appears to me: roll up of individual orthodontic practices. Managing dentists is like managing medical docs, I suspect, and there have been several companies that tried to do that that have ultimately faired very poorly in the stock market. And the red flags were similar to what you mentioned for OCA (accounting and management issues). Still, it's my opinion that although the practice and techniques of the orthodontia business might very well change, people will still see a need for it. My poor parents scrimped for my sister and me. I see others doing similar. Given OCA size and resources, it's possible that it might survive and thrive in this business. Or maybe just fool everybody for a couple of more years -g-. finance.yahoo.com

To: Brendan W who wrote (15621)	10/23/2002 3:57:22 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78505

Refineries: generally have been lousy businesses for the past 20 years or so. For investors in the sector, they have always been wrong (it seems to me) if they bought because they believed rising demand finally caught up with a limited but overhanging supply of refining capacity. I find the sector attractive at current price. In addition to small positions in HOC and TSO, I have a little VLO. Brendan Watt, as you likely know about VLO, after you mentioned it here two weeks ago it's moved up a good percentage (up 33%, from about 24 to 32), but is still a distance from where it was trading earlier this year. At current price, I've decided to buy ASH. The new CEO seems to talk strongly about focusing on core business and on stockholder returns. The stock has sold at higher levels than current every year in the past decade. There's a $1.10 sh. dividend (4%+) that's been in place for the last 8 or 9 years. I started a tiny position; I'll add more if stock will drop with no accompanying adverse news. finance.yahoo.com

To: Brendan W who wrote (15621)	11/4/2002 11:26:44 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78505

Brendan Watt. I'll pass on URI and start a little RCII today. URI (one of the few and maybe only stock pick of yours that hasn't scooted up nicely since your post)is a rental company focused differently from RCII. Its niche seems to be tools/equipment whereas RCII is furniture/appliances/tvs etc. Some public construction spending is down (deferred), so that's hurt URI a bit. A strong competitor in their market is Hertz. I suspect RCII's problem is defaults by consumers in the weak economy. I hope RCII lending practices don't have any issues. (We've seen large problems with consumer lenders COF, HI, etc.) RCII might have a well-capitalized competitor in Cort. Cort is owned by Berkshire. BRK's owning Cort validates (for me) the furniture rental business model. It's a fragmented market, so I suspect there may be room for both of these competitors to grow and prosper. Perhaps a way to play the rental business is to own both RCII and URI: I notice Wasatch Advisors is a big holder in both. finance.yahoo.com

To: Brendan W who wrote (15621)	1/29/2003 4:26:59 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78505

Brendan Watt. I'm still trying to tag on to some of your suggestions. I'm still holding UNM. Sorry I didn't sell after you posted you had sold. Lawsuits are hurting this insurer now. Imo, earnings expectations for TSG still seem to be decent, as you suggested. Airlines might be hurting but somewhere in TSG's assorted businesses - Travelocity, Sabre for travel agencies, corporate booking business, etc. they are able to wring profits from their efforts. Something most airlines cannot. TSG's stock price climbed from its near lows at the time of your post. Recently the stock has come down somewhat; I started today with a very small buy. I'm looking to add to MNY if it drops a bit more. finance.yahoo.com

To: Brendan W who wrote (15621)	12/8/2003 12:55:00 PM
From: Paul Senior	Read Replies (4) \| Respond to of 78505

I'll double up on my losing position in OCA now. Positives: I like p/sales, and p/e. Yahoo's enterprise value/EBITA looks low enough. Parents WILL spend for their kids' orthodontia. Adults for themselves too. There's STILL a lot of insider buying of the stock. (key point here for me) Negatives: It's a roll-up business. I didn't have much success when I had physician roll-up stocks. Dentists in dental roll-ups seem to be just as much trouble -g-. Lawsuits with a recent buyout. tfn.kiplinger.com