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

To: Broken_Clock who wrote (31764)	8/13/2008 12:37:29 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78666

OT: Some word stuff: Not sure I understand what an "untimely news event" is or how dangerous it affects one's portfolio. I could understand bad news announced at a quarterly press release, but that would be maybe "unexpected" bad news, not "untimely" news because, the p.r. date is known in advance, thus, it's "timely" news. Maybe something like an oil rig damaged by a suddenly appearing hurricane - that could be an "untimely news event". Sometimes these things turn out to be one-time, exceptional events, and don't (shouldn't?) crater one's stock for very long (??) Anyway, a package of these things - individually chosen or as with an OIH - mitigates against a major blowup of the portfolio when one of the stocks takes a hit. I like "packages" for a number of reasons, chief among them is that when stocks in a sector are down (the sector being down), it is difficult for me to determine which stock is the best stock to buy for the time when business and the sector improve - e.g., the best-of-breed stock (whatever that is)?, the most downtrodden stock?, the most leveraged stock?, the stock with the most respected management?, the least indebted stock?, the largest capitalized stock?, etc. etc. So I'll take a package and look for, and be satisfied with, good sector performance overall. Here are some "packages" I'm holding in a few sectors/subsectors. Oil and Gas suppliers: already discussed Seismic suppliers: SLB + two others Brazil oil field owners: Petrobras and every publicly-held partner (except for one Argentinian company traded only on Argentinian exchange, ie. has no "Y" or "F" shares) Retail auto dealerships: I mentioned three today Business Development Companies (BDC): Maybe six or more Iraq war/defense: five Auto parts: six Malone media stocks: four Big pharma: seven Bakken-Williston shale: 21 (!) Marcellus shale: 11 Dry bulk shippers: 8 China housing: 7 etc.