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

To: Paul Senior who wrote (37887)	5/13/2010 11:29:31 PM
From: puborectalis	Respond to of 78481

India’s per capita spending on city development is $17 each year, just 15 percent of what China spends, according to a report released by McKinsey & Co. last month. India will have 68 cities with a population of more than one million people, 13 cities with more than four million people and 6 mega cities with populations of 10 million or more, at least two of which will be among the five largest cities in the world by 2030. India produces about 10 percent less electricity than it needs. The roads, which account for 65 percent of India’s cargo, are plagued by single lanes and irregular surfaces, slowing trucks to an average speed of about 20 kilometers per hour, said a 2009 study by Transport Corp. of India and the Indian Institute of Management, Calcutta. The average time taken by ships to unload and load at Indian ports is almost 96 hours, about 10 times longer than in Hong Kong, the government said in its latest annual economic survey.

To: Paul Senior who wrote (37887)	5/15/2010 1:43:14 AM
From: E_K_S	Read Replies (1) \| Respond to of 78481

RE: Selling Strategies - scaling out vs close out position Hi Paul - Are there any other stocks you have sold or closed out positions on that have exceeded fair value in your opinion? I have several stocks that I have a profit in but could move a bit higher before I believe they are at or near my fair value target. I must weigh these with other stocks on my watch list which I feel are better prospects especially when I consider the risk/reward. I really never like to sell especially when I have made good buy entry points but I find that the portfolio tends to get stuck in out of favor sectors from time to time. I am thinking if I try to turn the portfolio over a bit more and sell those stocks that are no longer at "fair value", I can generate better returns rather than holding round trip positions. I find I am holding my average positions too long (from 4-6 years) w/o booking the large gains that generally happen w/i the first 2-3 years. That's why its good to hear recent sales and the thinking about a partial sell vs closing out a position, if expectations have been met and if the proceeds go to cash reserves or into a better value proposition. A few comments about sales from time to time helps me to better understand the relative "value" in a particular stock. EKS

To: Paul Senior who wrote (37887)	6/4/2010 2:56:14 PM
From: E_K_S	Read Replies (1) \| Respond to of 78481

Hi Paul - Re: Tortoise Power and Energy Infra (TPZ) This fund is holding up really well. We are retesting the S&P500 low of May 21, 2010 where TPZ hit a daily low of $19.70/share. Today's low for TPZ is $21.17/share almost 7% higher from it's May 21, 2010 low. I wanted to park some money in this fund as it yields over 7% and pays the dividend monthly. My buy point is at any price below $20.00/share. I like their basket of NG preferred stocks & NG MLP companies. It's best to hold them in a fund like TPZ rather than owning the individual securities. The other high yielder you recommended was Flaherty & Crumrine Preferred Income Fund Inc. (PFD). It traded down to $9.65/share on May 21, 2010. Today it is only down to $10.90/share. Both of these funds are thinly traded and all the sellers are probably long gone. Trading volume on both these funds are quite small. I have my eye on TPZ as I would like to start a position in my taxable account. EKS