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

To: hoyasaxa who wrote (18426)	1/13/2004 5:56:52 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78517

Hoyasaxa, I don't have a good definition for "good company". Here are a few companies whose stocks I own whose prices are not at highs. Most of these companies have been mentioned previously here or on Buffettology thread. They might still be buys; they might not be: (in no particular order) IACI: Barry Diller's internet conglomeration. I recently added to my position. STRD: Discussed here recently. Cigar butt with cash somewhat under current price. Margin of safety. I hope a turn-around situation for patient holders. Very thinly traded. My opinion is that it's not a stock for casual value players. STNR: Has been very profitable running salons in cruise ships. Big issue is that at least one line has decided they can do as well, and to test that, they've kicked STNR off a couple of new ships and put their own people/products in. (Summary from memory. May have specific facts wrong, but the issue is correct.) STNR may be able to cope, may not. I bet small that they can. ANF: Have they lost their marketing touch? Are they out of touch with their customers? Strong brand, low p/e (if earnings are there)--- still worth a small bet at current price, imo. TZA: Crooked or sleazy management perhaps. But to me, business looks intact and going forward, the company seems like a pretty good play on growing Hispanic tv market. SGR: Wins another government construction order. (PCR on my watch list. Oops and dang. Missed it!) Okay psr, p/bk. These construction companies - I don't know if it's the % completion accounting they use (?), but they seem to suddenly and occasionally restate earnings DOWN. Small commitment in SGR only. I like home building stocks as well, and they've come off from highs. But if anyone wasn't interested in them in the past few years, they likely wouldn't be looking to buy them now either, I would guess. finance.yahoo.com

To: hoyasaxa who wrote (18426)	1/13/2004 9:28:42 PM
From: Spekulatius	Respond to of 78517

re: Putting cash to work. Appreciate your suggestions. If only I could find a good company not trading at or close to their 52-week high! I an market, that went up 30% plus during the last 9 month, you won't find any stocks near 52week lows without any issues. However I do think that the pharma distributors MCK and ABC are reasonable bets, as well as MEDI the biotech company. I also like k's pick of BEL, nowhere near it's lows but still a reasonable value with lot's of potential.

To: hoyasaxa who wrote (18426)	1/14/2004 12:06:44 AM
From: - with a K	Read Replies (2) \| Respond to of 78517

>> If only I could find a good company not trading at or close to their 52-week high! FWIW, I am trying to let go of my natural inclination to bottom fish and be willing to pay up in price, if all the other stars line up. I am now more willing to buy strength. Of course fundamentals and valuations matter, but I try not to wait for the big dip if everything else looks good. Yet I admit it's a struggle sometimes. Hey, I'm a frugal guy. And I missed some great runs because I wasn't willing to pay up for quality or growth or consistency. Take a look at these beautiful 1 yr. charts. All are near their 52 week high. Yet notice the reasonable PEs (except TYC). Look at their EPS line at BigCharts.com and you'll see most of them have been growing earnings steadily. finance.yahoo.com The point? If you were afraid to buy anytime in the last year because the stock was at its 52 week high you would've missed a nice gain. So how did STHLY go from $7 to $14 in one year? One penny at a time, my friend, with each increment potentially being a new 52 week high. Contrast those charts with this one, a company that kept showing "great buying opportunities" when you compared the current price to its 52 week high: finance.yahoo.com So count me in the same corner of getting over psychological blocks! - Kris