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

To: Paul Senior who wrote (42929)	6/6/2011 9:15:02 AM
From: Grommit	1 Recommendation Read Replies (1) \| Respond to of 78669

sales. i did not sell TC and others because i think that it should be sold. i just temporarily forgot that the econ outlook stinks. and partisan politics is now solidly overriding any economic basis for decisions.

To: Paul Senior who wrote (42929)	6/6/2011 10:22:23 AM
From: E_K_S	Respond to of 78669

Re: Covidien plc (COV) After a quick review, I will continue to hold my 50% position in COV. Their forward PE is still quite attractive at 12.78 according to Yahoo. 22 analysts follow the stock and the consensus earnings for 2012 is $4.23/share. Other medical device makers demand at least a 15 PE which would price the stock at $63.45 fair value. Based on the current price of $53.70/share there is a potential 19% upside gain. This position is also a somewhat defensive hold since one pretty much has to have their medical device(s) when prescribed. My initial buy was on 11/01/2010 at $39.34/share. Sold 50% on 2/1/2011 at $49.50/share. ----------------------------------------------------------------------- The two sectors that are looking attractive to me on further sell offs are : (1) The integrated AG companies (BG, AGU) and (2) REIT data centers (DLR, COR). Some special situation small Cap E&P companies are also being sold on these waves of down days. I will continue to nibble at those too. EKS