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

To: Paul Senior who wrote (35561)	10/2/2009 5:14:40 PM
From: Arthur Radley	Respond to of 78767

Paul, If he had bought 100 shares instead of the 5, I would be living in Hawaii and drinking pina coladas....(:>). My wife has a distance cousin who drove a truck for Wal-Mart when Sam first went public with his stock and all employees got in on the 'maybe' future for this hillybilly operation. (:>) He lives in Hawaii now.........(:<)

To: Paul Senior who wrote (35561)	10/2/2009 10:12:09 PM
From: Spekulatius	1 Recommendation Respond to of 78767

re XOM - this is an interesting graph. I remember looking in 1983 at some oil stocks, XOM, Chevron, Mobil, Union Oil (?) and Gulf Oil. the article was claiming that those stocks were selling for 1/2 their asset value which was probably correct. That in connection with quite low oil prices (that went even lower) was setting them up for a good performance. Even then i remember that XOM was the most expensive one, based on PE, discount to asset value etc. but they were also the best managed. the long term chart shows what can be accomplished when a company executes for a long time in a mostly unexciting business. Nestle is another one of these LT performers. I remember looking at them in 1981, the shares were trading in Switzerland and costing about 3300 Francs. That was more than I could afford back then so i couldn't buy. I have some shares stashed away that I bought in 2003 or thereabouts - they are worth about twice as much know even without accounting for dividends. I bought some recently near the lows in my IRA account and probably keep those around for a long time. A great company ever since i first looked at it more than 25 years ago.