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

To: Spekulatius who wrote (30057)	2/16/2008 8:56:05 AM
From: Debt Free	Read Replies (1) \| Respond to of 78659

Spekulatius - here is a place you can look to deploy some capital I have actually trouble to deploy my capital at this point. Most of the industrials don't seem to get much cheaper here. Boston Scientific (BSX) They have upped their earnings for the year and the stock has been acting well lately (especially compared to the rest of the market). Yearly view 6 month view There have been upgrades Disclosure - I currently own BSX and will add more once it breaks up past $13.

To: Spekulatius who wrote (30057)	2/16/2008 11:07:19 AM
From: Paul Senior	Read Replies (3) \| Respond to of 78659

Spekulatius, I've got a very good possibility for you (given that you are a person who can hold on to good stocks for a decent period of time, e.g. NSRGY). It's a European (continental), not British though. ===================================== For British, BP has come down to where I started my exploratory position, and I'll likely be adding more. In past, a poorly-run company. Now, with new guy, maybe some changes. A p/e typical of the integrated oils (8-11 maybe). With this you get an okay dividend, and BP's expertise (leadership?) in lng. I'm also holding BP Prudhoue Bay in a retirement account. It's a royalty trust, which means for me, if it were in a regular account, I'd have to file K-1 tax forms, which I don't want to be involved with. In a retirement account, I don't have a problem, UNLESS I get income from this and others that totals over $1000/yr. So my BPT position is and will remain, small. I have a few shares of UUPLY, primarily a regulated water utility in north England. It also has a non-regulated business that "provides connections and metering services to other businesses, and operates utility concessions in Bulgaria, Estonia, Poland, the Philippines and Australia." finance.yahoo.com unitedutilities.com I have BCS on my watch list. Not sure what I will do. I like the relatively low stock price and high div. yield ---if it doesn't get cut, and Barclay's size. Their involvement or not with subprime, etc. is worrisome though. ======================================== The European stock I'm liking now is Pargesa. Several professional value investors(e.g. Jean-Marie Eveillard), and I have been buying Pargesa, PRGAF. It is a European company that takes large stakes in other big European companies and tries to influence their management. pargesa.ch Note the substantial companies in its portfolio: Total, Lafarge, Pernod, Suez: pargesa.ch PRGAF always seems to sell below the assets of their holdings. The positive is the asset/diversification aspect for the margin-of-safety with that. A negative is the gap to nav never seems to close enough, and can be very wide: pargesa.ch I contrast this stock with Dale Baker's 50% Gains thread pick of WNDLF. While WNDLF takes equity positions in industrial companies like Saint-Gobain (cf. PRGAF's Lafarge), WNDLF emphasizes its entrepreneurial bent - taking 100% of smaller companies (later selling them), and trying to influence larger companies by being their biggest shareholder. I believe WNDLF and PRGAF are each controlled by a wealthy familiy - in each case, it's their vehicle for investing their wealth. There's also Dale Baker pick of 3i Group. It's British, and specializes in private equity. I don't follow it: I can't understand its prospects, businesses, financials, and I'm not set up to buy stocks directly on the London exchange. Sorry I didn't buy WNDLF when first mentioned by Dale Baker years back; I have had an order in recently, although stock has not dropped to my price. WNDLF has been the better stock performer - almost tripling over the past four years vs. PRGAF not even doubling. Perhaps PRGAF is a little more conservative. I like their holdings in large companies related to oil/gas, water, cement/construction, wines/liquors --- almost a concentrated mini-fund selling at below net assets. It's a stock that might be one that could be bought and put away for five years with some expectation that it'll do okay. That's my intent and expectation anyway.