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

To: Good Fundamentals who wrote (374)	4/25/2012 9:58:33 PM
From: batman10023	1 Recommendation Read Replies (1) \| Respond to of 1876

good thoughts. these aren't the normal turnarunds but they are all large cap value/turn around situations. we owned PEP and just recently sold it. we think this quarter might be weak again although i am starting to wonder about whether i am wrong about it. YUM i have never gotten comfortable with but it's worked great. we owned NWL probably 10 months ago and flipped it for a few bucks and didn't get back into the name in the fall. the core business is under assault as you say. i think the infant stuff is a lot more cyclical than people think. in times of stress you don't buy new stuff. if we are willing to do it on occation for baby batman i suspect we are not the only one. we really like KSS but the products need to be a little better (will get there in the 3qtr) and they have hooked their customers on discounts. it's pricing in a lot of bad news but i wonder if it will take a while to work out. i don't know K or SHLD well enough. CVC is cablevision. i have stayed away because i think FIOS is really hurting them a lot. plus they have a lot of leverage and i think they have done a good job at getting pricing up that they can't do anymore. we owned CHTR back in late 2010 and thru 2011. it was my stock pick on the investment board. it's not as cheap, has leverage but they have lots of good things going for it. at 55 bucks i'd get back in. but we just sold out of CMCSA which i think is much better than both of these - less leverage and really nice FCF.