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

To: Paul Senior who wrote (47670)	4/29/2012 1:31:42 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78462

re BG - I am glad I sold but I was lucky rather than good. I sold because I feared dilution from a potential deal with Viterra (something that still could happen, if problems arise with the current merger). The earnings miss larger than a barndoor <g> but BG in their CC promised to make it up in the remainder of the year. Volatile earnings are just part of the business, so BG should not be judged based on their last quarter, imo. Furthermore, a significant part of the margin comes from trading, (which is facilitated by the assets they own, like grain terminals, logistics assets, storage assets) and sometimes their hand is good and sometimes it's not. Cargill is pretty much in the same boat and they had a poor quarter as well, so it's no surprise that BG is not doing great either. In any case, BG is a decent but not a great business. I think I'll put my land in the sand at ~ 60$ as a pricepoint to buy back my shares.

To: Paul Senior who wrote (47670)	5/17/2012 10:56:01 AM
From: E_K_S	Respond to of 78462

Bunge Limited Bunge Limited (NYSE: BG) - peeled off a few shares Phillips 66 Common Stock (NYSE: PSX) - peeled off a few shares Cliffs Natural Resources Inc Co (NYSE: CLF) - looking to enter below $50.00/share Peeled off a few shares in BG and PSX. Will deploy those funds into CLF below $50.00. BV has grown over the last five year while still making large CAPX investments. Company is 80% iron ore and 20% coal, is well diversified with holds in Canada, Australia and the U.S.. At $50.00/share the dividend yield will be 5%. EKS