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

To: Paul Senior who wrote (37905)	5/16/2010 1:36:01 AM
From: Madharry	Read Replies (1) \| Respond to of 78671

I usually do post my picks i didnt in this case because it was not clear that they were value stocks. one i just bought on friday. it may still work out, i just dont feel i did enough due diligence going in, and i didnt pick up that there was a credit line modification since the information i based my buying decision on was released. It also turns out that there are some credibility issues regarding management. The bottom line is my decision to purchase was not as well researched and thought out as I would have liked. Name of the company is KSP its an MLP thats stopped paying a dividend. So the price is way down from when it did pay a dividend. The hope is that the business improves enough that they can resume paying dividends. The other one I dont even want to go into as I got so much wrong about it that its embarassing. For example, the release quoted various prices that were no longer relevant as they had changed so rapidly, but i failed to verify the prices at the time independent from the filing. The good news on that one is that after i did more research the situation on it is not nearly as bleak as i had feared, so I am hopeful that that one will work out pretty well over time. However as a result of these missteps ive decided to develop a formal worksheet/checklist to make sure that i cover all my bases before stepping in like this again.