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

To: E_K_S who wrote (24749)	8/29/2006 10:31:29 AM
From: Paul Senior	Respond to of 78751

E_K_S. Yes, I started doing that after so many times of being wrong in trying to buy the "best" stock - i.e. trying to buy the stock with the best prospects in a downtrodden sector. It always seemed like when things improved in the sector, the other stocks went up more than my pick. I couldn't figure or guess which had the best prospects: if it was the strongest company by balance sheet, the weakest company (with the most debt, hence most leverage and greatest impact to bottom line),the dominant market share company, the smallest company (which could develop a takeover premium), the most innovative company, the fastest growing, the alleged 'best of breed', the company whose stock was beat up the most, the company whose prospects were liked best by analysts, etc. etc. I just always seemed to choose wrong. So for me, my preference now is to go for a package.

To: E_K_S who wrote (24749)	8/29/2006 3:38:56 PM
From: E_K_S	Read Replies (2) \| Respond to of 78751

Started a new position in COP (ConocoPhillips (COP)). Stock seems cheap at 6.00 PE w/ a small dividend of 2.2%. Warren Buffet recently bought a position and it seemed like a good sector to add new money to. The oil sector is one of my core portfolio holdings along with Drugs, Shipping, and Financial (i.e bank stocks). finance.yahoo.com I also added to my WON investment at $7.37. It appears that it may have bottomed. The company just announced a new multi-year agreement with Cumulus Link. biz.yahoo.com From the article:"...Westwood One, a provider of content for radio and television programs, announced Wednesday a multi-year agreement with Cumulus Media effectively affiliating every Cumulus radio station with the Metro Source newswire service, its subsidiary...." WON has excellent free flow cash ($1.31/share) and sells at a PE of 11. WON could be a potential double if management can develop new revenue sources (Internet & mobile media) and begin to show a profit. EKS FWIW WON is my value play for 2007 and I continue to accumulate shares at prices below $7.50. Depending on your strategy you can write covered calls on WON to increase your overall return while you wait for the stock to rise. The dividend currently yields 5.60%.