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

To: Paul Senior who wrote (29142)	12/3/2007 11:56:35 AM
From: Paul Senior	Respond to of 78676

Autos/related: Looks like '08 is going to be a very poor year for US car sales. Some of this is already reflected in the beat down prices of the publicly-traded car retailers. Down enough to where they start to be attractive to me again (p/sales;p/book). I'll put more emphasis on these retailers than in the manufacturers. The retailers have more flexibility in adapting to adverse changes. Also they are diversified by brand, by model, by geography, and their profit centers aren't limited just to new car sales. Out now of BMW. (Thanks for the assist here, Spekulatius.) Trimming TM. (Still holding all HMC shares for now.) Recently added to retailer GPI. Holding shares also of LAD, SAH, PAG, Starting an exploratory position today in AN. Eddie Lampert of Sears fame, has been a buyer, fwiw. ("Billionaire investor Edward Lampert raised his stake to 55.3 million shares (30%) by buying 2.87 million from Nov. 13 to 26 for an aggregate price of $47.57 million", per Barron's.) I'm not a follower of his though, -- my impression (without having actually checked any facts), is that after his Sears success, his other activities/results have been mediocre. finance.yahoo.com ---------------------------------------- I'll take a few shares now of China Yuchai International (CYD), a strong and growing diesel engine manufacturer. bloomberg.com

To: Paul Senior who wrote (29142)	12/4/2007 9:47:54 AM
From: Grommit	Respond to of 78676

MCGC - OK, I will join you. A starter position that may get larger as I learn more and find more money to spend, I mean "invest". I ignored them in the past due to lack of a diversified portfolio of investments.

To: Paul Senior who wrote (29142)	1/24/2008 10:46:56 PM
From: Madharry	Respond to of 78676

mcgc has filed a rights offering with the SEC. rights to buy 1 share per 7 owned but nothing else has been filled out yet. stay tuned. plg.to new high today. abk-wilbur ross apparently in serious talks to buy it. I wonder if it will open at a normal time tomorrow. or whether this will provoke a deal before the weekend. Perhaps wishfull thinking on my part but I am hoping for a big short covering rally tomorrow as its now a decent sized position for me. My guess is hes will get some kind of convertible note that pays him a good hunk of interest while he waits. I hope the convert price is at least $20. all wishful thinking on my part.