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

To: anializer who wrote (34037)	4/3/2009 11:56:59 AM
From: Paul Senior	Read Replies (3) \| Respond to of 78715

anializer: Fyi re BRS. They have a mandatory (9/'09) convertible preferred. I am holding that one as well. nyse.com

To: anializer who wrote (34037)	4/4/2009 12:11:07 AM
From: Spekulatius	Respond to of 78715

Anializer - there is a lot of insanity going on in the market. I agree on NILE, it seems crazy to buy NILE for 30x earnings. i think it's a decent company (I bought my wife engagement ring there) but it's hardly unique any more and a blue chip jewelery company like TIF trades with a PE of 13. Maybe they think of NILE as the Amazon of the Jewelery business. My guess is though that it's a theme based trading that pushes these kind of stocks up. TPX is in some ways even worse since they balance sheet looks ugly. Many industries with ugly funnymentals have done well recently - Restaurant stocks, retailers. There are some examples where stocks in these sectors have gone really down to much but others are floating in a parallel valuation universe as if there has not been a bear market at all. This irrationality as well as the crazy fluctuations make me think that we have not seen the last bear raid yet. The same folks that are trading these hot lottery tickets are going to run for the exit quicker as soon as somebody screams "fire". There was article in the WSJ about individual investors piling into C stock with the idea to make it all back. Right now the stock market is like a casino without the girls and the booze. Time for a beer (Bear?) <g>.