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

To: Madharry who wrote (20526)	1/30/2005 7:00:44 PM
From: Clint H	Read Replies (1) \| Respond to of 78666

I generally look at stocks that are trading at the lower end of thier history P/E ratio range.... and especially if they are trading below 25 times earnings. I know Warren shunned stocks trading over 30 or 35 in nearly all cases. There are a lot of stocks out there that are currently trading at the lower end if it's historic range, I am just waiting to see how low this current correction will go before I start jumping on. YUM announced that it's going to be buying back some of it's shares this year, a good sign, but it's trading too high right now and due to come crashing down at the first sign of disaster... then start buying like mad! Clint

To: Madharry who wrote (20526)	1/30/2005 11:08:30 PM
From: Kevyn Collins-Thompson	Read Replies (2) \| Respond to of 78666

> All of my new purchases are canadian stocks. That's interesting, because I too have decided that the US market, for a bunch of reasons, is not great right now for the kinds of deals we like here, so my own research has also focused on Canada recently. My most promising Canadian find so far is CCL Industries. I don't have time for details here, but the current valuation seems surprisingly low. CCL is a profitable 50-year-old Toronto-based international packaging conglomerate a la Crown, Cork & Seal (and in fact sold off a canning subsid in 1989 to CCS). I was initially turned on to them when I found out CCL designed and supplies this new aluminum beer bottle for Pittsburgh Brewing Company (I live in Pittsburgh). Apparently, they can barely keep up with demand for the new type of bottle. Share volume of CCL is extremely low, and so requires some care in buying any significant quantities (patience and phone quotes from TSE). Both the class A and B shares pay a modest (~2%) dividend. On the possibly negative side, the class B shares are non-voting, and these are the only ones I've been able to purchase so far since volume for class A is really, really low. Hopefully this will change with time. > I wonder how many of you keep journals relating to purchases and sales of stocks and your rationale at the time for doing so. I don't, but my turnover is so low that I could write them down easily (and maybe I should take that as a suggestion). I prefer to focus on only 5-10 stocks and follow for 5-10 years, so my main holdings since 1998 have been a few companies like RNR, DSWL, FR... some of which I'm very grateful for this thread in bringing to my attention over the years. Kevyn

To: Madharry who wrote (20526)	1/31/2005 1:42:10 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78666

Madharry, Until last year I kept a chronological journal of buys, sells, and reasons therefore, but eventually I stopped because I so rarely went back to review what I wrote. I keep a file on each stock I own, and I put my notes there now. ------------ Fwiw, adding a little more today to oil stocks VLO, PTR.

To: Madharry who wrote (20526)	1/31/2005 2:19:04 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78666

AGO: Adding a few shares to tiny exploratory position in insurer AGO. Sells below stated b.v. (per Yahoo) Purchase price is now below what some insiders paid when the stock came public. Some shares apparently held by Marty Whitman fund. Ergo "safe and cheap"???? finance.yahoo.com

To: Madharry who wrote (20526)	1/31/2005 11:36:47 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78666

I've taken a few shares of UTEK. Utltratech is developing technologies for nanotechnology and laser processing. I don't understand the implications of this, but I will follow Husic Capital Management who like the stock for these reasons and have a significant stake. The company has plenty of cash; current ratio is 6.3:1. Stock is now under $15/sh. The stock's somewhat volatile, but in many years it's traded above $20 - sometimes above $30. If the company can get some good press about it's technology (technologies) - and if the stock market hasn't yet crashed -, the stock will move up above $20 again, I am willing to bet. finance.yahoo.com

To: Madharry who wrote (20526)	2/2/2005 11:23:59 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78666

From the new-lows list, I'll take a tiny exploratory position in Sirva, a global relocation company. SIR's fallen off a cliff: finance.yahoo.com Problems with Sarbanes-Oxley perhaps, and the company found some accounting errors. Still, with over 7000 employees, the company remains (I assume) a force in the relocation business. With our USA government continuing to move people all over the world, there still should be business for SIR, and maybe better profits, if SIR can resolve apparent regulation and accounting errors($21M-25M "errror"!) P/sales seems reasonable. P/stated book is 1.25 per Yahoo. And ROE was 13.5%. I'd prefer to see better metrics, but at current price under $8, I'll nibble on a few shares. .