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

To: ValueGuy who wrote (43632)	7/30/2011 12:44:17 PM
From: E_K_S	Read Replies (2) \| Respond to of 78710

Faizul: Macquarie Infrastructure Company LLC (MIC) Plum Creek Timber Company, Inc. (NYSE: PCL ) You might check out Macquarie Infrastructure Company LLC (MIC). The parent company ( Macquarie Group Limited )owns 8% of MIC and I believe also controls several toll roads and airports in or around Australia ( macquarie.com ). Their Toll road company is called Intoll (ITO) intoll.com. I bought MIC around $8 a few years ago and it tanked down to $4 and in the 2010 it rallied up past my purchase price so I sold and was happy to make a few dollars. I now see that the company is around $26 carries a BV of $15 and started to pay a divided yielding 3.1%, I originally bought the company for their core assets serving the NG industry. They had a pretty good exclusive NG operation in Hawaii that was quite profitable. I neglected to realize the huge amount of debt they had and when the 2009 crash occurred they suffered for that. I like your general theory in the group of assets you are looking at: toll roads, farming, and timberland but I never really found a pure "profitable" play. I did own Plum Creek Timber Company, Inc. (NYSE: PCL ) for their timberland resources but after owning it for about five years, I did not see the LT returns I expected. I sold it for a small profit and move the proceeds into big integrated oil. Looking at the current prices of each of these companies, I would have been better off to hold them. They are both selling near their all time highs and have outperformed the S&P 500 (if you bought and sold at the right time). finance.yahoo.com In hindsight, the "Black Swan" positive play was to bu MIC in 2009 on or nears it's low around 3 and at today's price represents a 4 bagger in only 24 months. I was all over this company and didn't pull the trigger to load up (because of that large debt). I bought Oshkosh Corporation (OSK)instead around $5 (this turned into a 2 bagger). BTW OSK hit the new 52wk low list and Carl Ichan has begun to accumulate a large position. EKS