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

To: Spekulatius who wrote (47552)	4/26/2012 10:08:11 PM
From: Spekulatius	Respond to of 78697

re FLU.V @34 Euro- sold the remainder of my higher cost shares at a decent profit. I am holding some low cost basis shares in my taxable account. FLU.VI has shown good passenger growth numbers (~10%) this year, despite the economic issues in Europe. This year they will start the new terminal that will bring in more revenues but also depress earnings in the short run. I do think that the new CEO duo, which received a lukewarm reception, is doing the right moves. If this goes back to around 30 Euros, I will buy back the shares I sold recently.

To: Spekulatius who wrote (47552)	6/17/2012 8:38:03 PM
From: E_K_S	1 Recommendation Read Replies (1) \| Respond to of 78697

WPX Energy, Inc. (WPX) -NYSE Upped my small position in WPX by 50% w/ a small buy last week. That now includes my WMB spin off shares from 9/2009 and a buy in 8/2010 @ $10.36. No real reason for WPX other than it builds the position to an even lot, oil & NG prices are still relatively low and WPX was near a 52wk low. My overall position in the combined WMB & WPX still only rank the position as 18th in the portfolio. I am trying to reduce the number of my holdings (still around 87) by closing smaller positions and putting the proceeds into what I consider undervalued current positions. WPX has under performed mainly because of the lower oil prices. I have tried to force myself to buy more oil & NG companies as Oil trades in the $80/barrel range and even more if we see $70, $60 or even $50. It will bounce back. I just have to be as disciplined to sell some of those shares when oil trades back up to $110/barrel, $120/barrel or at "peek" oil prices of $170/barrel. ---------------------------------------------------------------------------- My only other buys come from different real estate deals I have been working on. The value proposition is to buy the real estate assets, complete all the fix up (includes labor & materials) and own the asset at $100/sqft or less. I am able to rent out the properties generating $10.00/sqft per year cash flow (or more). Eventually I plan to fine tune the monthly expenses & revenues w/ moderate levels of historically low cost financing (around 3% 15yr fixed money). I am trying to buy these assets at 50% (or less) of the commodity value and/or building costs. I did a lot of this in the 90's w/ the S&L blowup. I am finding equivalent bargains, higher annual rents and my contractor labor rates are about 80% of what I paid in 1990. My material costs (depending on what one buys) are about the same or higher than what I paid in 1990. As the values present themselves I could see moving 30%-40% of the portfolio into this sector. Currently it is around 17%. EKS