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

To: mike.com who wrote (19816)	10/9/2004 1:12:56 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78601

You are correct on all counts, mike.com! Except I have no intentention of criticizing anyone. Tweak Madharry, maybe -g-, but criticize, no. His investment record could be quite superior to mine. He reports he's currently pleased with his portfolio. I'm not so sure about the results of my main portfolio. SIRI's got to be a speculation. With so many outstanding shares, hard for me to ever see it having a decent p/e (value or growth) - even if it ever does turn profitable, which as you as you say, is iffy. So of course my position SIRI position is very small and held among a large number of diverse stocks. You and Madharry like OPTV, so it is worth a closer look by others here. I looked quickly, and from what I see, it's not for me. I've passed on many suggestions made here - to my later regret -- so it's quite possible OPTV could be another stock that climbs without me on board. As far as structuring a portfolio, what I've tried to say is that it's my opinion that it's very dangerous to build and hold major positions in companies that for whatever reasons - cash, prospects, moat - at the end of the day show no earnings. No earnings this year, last year, the year before-- and maybe - or likely - even in the upcoming year. I'm not against owning such stocks - I have many like this - they just aren't significant weightings in my portfolios. Perhaps other people with different goals, objectives, skills, expertise, risk profiles see it differently. That's fine. I just express my opinion. For me, I want to hold productive (profitable) assets predominantly, hold fewer if they are not productive but they have been in the past (rear-view investing) and even less so if the assets have never been profitable.