Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Spekulatius who wrote (34286)	4/24/2009 10:35:00 AM
From: Paul Senior	Respond to of 78817

Some sales here for me on disappointing stocks. Reducing my holdings in shipping companies with partial sales now of FRO, SFL. Had started a buy of CSL; decided latest news is too negative for me vs current stock price, so I am out. Losing confidence in DSWL; selling 1/2 position. Fwiw. finance.yahoo.com

To: Spekulatius who wrote (34286)	5/5/2009 9:57:32 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78817

Gas utility SWX - bought two batches today at 19.8$ While P/E is not that low (they did have some extraordinary items that reduced profits) normalized profits should be around 1.9$/share. I was attracted to SWX because of a) defensive nature of business b) healthy cash flow Low EV/EBITDA around 5.5 c) P/B <0.9 d) good and improving balance sheet (recently increased credit rating from BBB- to BBB) e) Dividend I suspect earnings really could take off once the housing and growth in Las Vegas improves. Right now they incur quite a bit of cost to connect houses that are staying empty and hence not consume any gas. Once those subdivisions fill with people, profits should improve, even right now they don't look too bad, considering what I am paying for the shares.