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

To: E_K_S who wrote (21359)	5/22/2005 5:42:28 AM
From: Paul Senior	Read Replies (5) \| Respond to of 78673

Okay, here's an update of the remodeling stocks I'm looking at: HD: Holding. I've been in Home Depot since it was discussed here in '02. Home Depot closed Friday at $39.63. Latest adds I made (I've sold no shares that I remember)were 10/04, 12/04, 2/05, 3/05 @ $40.11, 42.12, 39.75, 39.75. At this time I suspect there may be better opportunities in other stocks. MAS: Possible Add. I've been in since 4/03. Poorer than expected earnings and outlook dropped the stock recently. I didn't add more because I was (and am) concerned that Mr. Manoogian (of the controlling family) sold $13M shares in December. I believe I will add a little more though now. P/e on forward earnings (projected by mgmt.) will be 12.8-13.3. That is very low historically for this stock. As is current price/sales. For past 10 years, sales and div. have increased every year. Home Depot is expanding (in some former K-mart properties?), Masco is a big supplier to HD (Behr paint, etc.), so I originally believed it would be very good for MAS as new HD stores were stocked with MAS products. May turn out however, that HD new business won't be that significant to MAS bottom line. EXP. Holding. Spun out from homebuilder CTX. Sorry I didn't add more. JJZ. Holding for evaluation. (My price target for remaining shares was $10 - exceeded just recently with announcement of sale of losing Eljer unit.) BMHC. Holding. In since '00. My pick vs. Jim Clarke's/Mike Burry's HBP. Message 15032618 finance.yahoo.com (Sometimes ltb&h works even in what might be a cyclical business.) HBP. Holding. I'm in since 10/04. GFF: Holding. In since 9/00. Stock's come down to near 12-month low. May be time to add a bit - not sure if want to. TARR. Holding. (Remodels apartments into condo's) IPII. Buying. Initial buys 12/04. Most recent buy 5/18/05 @ 9.18. Low p/e, and growth in Florida market. (Might be a beneficiary if strong hurricane predictions this year come true. - Or, otoh maybe it could wipe out one of their Florida facilities.) I give this dink Florida-headquartered company the benefit of the doubt given it has actively pursued its new listing on the Nasdaq and its good earnings report. WHR. Holding. I mentioned Whirlpool on the dividend investing thread, 5/5/05. CX. Holding. Cement company. World-wide production, but Mexican-based and dominant there. Have held this stock a few years, as have others on this thread, I believe. Mentioned as one of three cheap foreign stocks in Motley Fool article, 5/11. BXC. Watching. Reported lower earnings. Price/sales looks good. Company overloaded with debt (Yahoo figure). Cerberus Capital apparently invested in the company and maybe helped bring it public. Couple announcements of recent IPO's that failed - they were spun out apparently too quickly and with too much debt. If I recall right, Cerberus was involved in one. BXC could be another example. TWP. Lookig at it now. Trex, mentioned by Shane M on Buffettology thread yesterday. Stock might appeal to me on a GAARP basis. finance.yahoo.com Jmo, I could be wrong, and I could being missing some significant opportunities in the sector. (I certainly missed BDK - tools for remodeling - mentioned here by Spekulatius several times.)