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

To: Paul Senior who wrote (35085)	8/13/2009 9:20:43 AM
From: Madharry	Read Replies (2) \| Respond to of 78768

im still way out on margin in my cash portfolio. but watching very carefully. market looks to be up this am based on premarket activity. remembering one of your previous posts sounds like you have a 10 bagger in a significant position, very nice. i covered my deutche bank short a couple of days ago at a loss. im out of sny, and maybe out of posco next week if the stock doesnt turn upward.

To: Paul Senior who wrote (35085)	8/13/2009 10:08:36 AM
From: E_K_S	Read Replies (1) \| Respond to of 78768

I was looking at my cost basis for OXY and see that there was a 2 for 1 stock split in 2006. I have owned this company since the early 80's so it really was a long term position for me. My basis is around $12.75 per share. Many of my core positions are based on long term holds where I have not trimmed as much as I should have. A lot of my CVX shares were purchased by buying Texaco which at the time I bought because it was a screaming value buy. I could go on regarding most of my top ten holdings, where almost half are legacy long term buys. I have peeled off some shares but I consider them still very good holds. I need to be a bit more proactive in taking more of these gains to rebalance the portfolio. Overall I am still overweight in Oil and Natural Resource companies. I probably need to continue to move more dollars into these utility companies since they continue to be priced at the lower end of their historical valuation. I just have to be careful of stepping on any land mines and continue to move slowly with a few more sales and stepping up my value buys. Holding more cash may not be too bad either. EKS

To: Paul Senior who wrote (35085)	9/28/2009 3:34:39 PM
From: E_K_S	Read Replies (2) \| Respond to of 78768

Peeled off a few shares of CVX and bought the equivalent amount of shares in COP. COP to me is a better value with a forward PE of 7.6 and pays a slightly higher dividend than CVX. I like the NG holdings that COP has and after reading through their 2008 annual report, COP's mid stream business is well positioned for future growth. conocophillips.com I also increased my Black Hills Corp. (BKH) position by 30% even though I am buying at levels 25% higher than my previous buys. The company still yields 5.6% and I believe that their non-regulated energy business is undervalued. I specifically like their Oil & Gas subsidiary called Black Hills Exploration & Production. blackhillscorp.com I also started a small position in Williams Companies, Inc. (WMB) as this is another NG company involved in the production, gathering, processing, and transportation of natural gas in the United States. It's one I have watched for a long time and it continues to slowly move higher. The stock is not a screaming buy but at 14 forward PE it is not overly expensive either. They pay a 2.5% dividend. I like their core assets and at 1.25 BV you are not paying a huge premium for their facilities. Like BKH, WMB operates in the San Juan basin in northwestern New Mexico and southwestern Colorado. This area is ripe for NG development and WMB can transport the NG to California where demand continues to grow. EKS