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

To: Paul Senior who wrote (45215)	10/28/2011 10:50:47 PM
From: Sergio H	Respond to of 78462

< I'll assume the market in future will be similar to the past four months? > Why ? Paul, I think that you are not doing justice to value investement as this thread was intended. You tend to stick to simple formulas that can be easily accesed and jargon but no context. The same accusation you make for technical analyses can be made for your lingo. Abreviations that cannot be understood by someone not familiar. Other than simple metrics, what criteria do you use to pick a stock? You sell when the market rises, disregarding anything else but that the market has gone up and you buy at lows without any regard to why the stock is at a low. I thank you for your patience in responding to my questions, but I don't think what you are posting is making anyone any money and is not true to value investing as it intended to be.

To: Paul Senior who wrote (45215)	11/1/2011 6:22:12 PM
From: Paul Senior	Respond to of 78462

ADM: stock down with market and apparently also, or more so, because company's margins got crimped because of high corn prices: online.wsj.com "As for oilseeds processing, the unit's profit dropped 28% while volume fell 0.8% as challenging margin pressured profitability. Industry margins have been suffering broadly around the world due to excess processing capacity. "It was a difficult and challenging market environment this quarter," ADM Chief Executive Patricia Woertz said in a conference call with investors. She said the company sees the margin environment "modestly improving" in the short term. Corn prices have climbed sharply since mid-2010 due to disappointing U.S. crops and continued growth in demand that has drawn U.S. supplies to uncomfortably low levels. Prices are generally expected to remain high at least until next year's harvest. But ADM said demand for its corn products remains strong, with high-fructose-corn-syrup volume climbing 15% in 2011. The company said it was optimistic about sweetener prices in 2012, and Ms. Woertz added that ethanol demand will remain" ----------- It's going to be interesting (for me anyway) to follow fructose manufacturers' attempts to change the labeling on food products. Apparently "high fructose corn syrup" has become a pejorative --some groups associating it with food products that lead to obesity or unhealthy lifestyle. The new name the producers want is "corn sugar". The cane sugar people oppose the name change. ---------- Stock is down sharply enough yesterday and today to where I'll start rebuilding my position. (I still have held a good slug.) I added a little today. The company's an S&P Dividend Aristocrat (more than 25 years of increased dividends-- although the yield's a small 2.3%, per Yahoo). P/e is 8-9, and in most years it's been higher than that. I show ten years of increasing stated bv.

To: Paul Senior who wrote (45215)	11/1/2011 6:28:59 PM
From: Paul Senior	Respond to of 78462

Fwiw, I added more MSFT and a tad more HPQ as tech stocks fell with the market today. ----------------------------------- From Barron's today, fwiw: Eveillard: Everyone Needs Gold; Stocks (MSFT) Better Than BondsBy Murray Coleman Long-time value investor , who led such charges as the First Eagle Global Fund ( SGENX) and its cousin First Eagle Overseas ( SGOVX) to stellar long-term records, remains a senior advisor to the parent company running the funds. “Eveillard is a value investor but one who has always kept an eye on the big picture as well as on individual securities,” wrote Steven Goldberg in his latest column for Kiplinger’s site. Where should people invest today? Eveillard: “In the long-term, emerging markets will be the place to invest. But there will be bumps along the way, and corporate governance is still bad, particularly in Russia and China. There are indirect ways to invest in emerging markets. Look at high-quality global businesses that do a lot of business in Asia and South America. These large-cap stocks have not done terribly well the past few years, but they lost much less than more-cyclical stocks did in the 2007-09 bear market. These stocks are perceived as kind of dull. Big caps have been neglected. I personally own Microsoft ( MSFT).”