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

To: Brendan W who wrote (29487)	12/29/2007 6:28:26 PM
From: Brendan W	Respond to of 78519

Wells Fargo. I'm starting a small position in Wells Fargo ($30). Forward PE is 11 and P/B is 1.25. I don't know how adequate their loss provisions are but I also don't know if PE and P/B are going to get better than this. Also, I have moved one ETrade account to a "Wellstrade PMA" account in December. 100 commission free transactions a year. The website is pretty lame (it seems like it's 8 year old technology) but the price is right and I don't do much trading in this account as its taxable. I moved most of a retirement account from ETrade to Scottrade in November. Wells is currently the only bank I hold. I exited Washington Mutual in June in the low $40s. This was dumb luck as I was simply taking some small tax losses. As the damage unfolded I didn't get back in as I knew how aggressive WM was in California with ARM products. I still hold State Street and Bank of New York which have done well... I consider them banks in name only. Stocks mentioned: finance.yahoo.com

To: Brendan W who wrote (29487)	12/29/2007 6:43:38 PM
From: Brendan W	Read Replies (1) \| Respond to of 78519

Still hold large positions in Microsoft, Google, Ebay, Digital River, YUM restaurants, Principal Financial, and Wal-mart. I'm not saying they are value stocks, but I don't think they are expensive either. finance.yahoo.com In oil and gas, I still hold a large position in Patterson UTI (a contract driller) at a small loss. I have almost completely exited the Canroys (Peyto, HTE, others) and Canadian Oil Sands (Connacher) having small appreciation with meaningful dividends. The recent talk of the Canadians altering the royalties on the back of changing the tax treatment of the canroys was enough for me. I'll post my new positions this week.