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

To: KyrosL who wrote (47990)	5/16/2012 10:40:33 AM
From: Dennis 3	Read Replies (2) \| Respond to of 78434

I have been buying more of SVU. The sell-off was kind of expected with it leaving the S&P500 index and firms were required to sell. Also, general market sell-off. This one is selling at ten year lows p/cf, p/s etc. and business is not that bad. Looking at operating cycle this is not going bankrupt. FWIW, also buying more of BTU GM - tons of cash, pinned-up demand. Con -pension shortfall, but I am not to concern since this operating debt with no interest or principal payment and will remain with the co forever. This co is not going away. DE - I use to work for this company and it is well managed. The changes they made in the late 80's through the 90s made it a efficient that anyone could run this company. Also, there is a need for more food globally, hence more farming. This one is more of Buffett stock, but buying as it sells off. tlb - is another company like AVP that receive a buyout offer.

To: KyrosL who wrote (47990)	5/16/2012 3:00:49 PM
From: Brian Sullivan	Read Replies (1) \| Respond to of 78434

Staples (SPLS) on sale here... Imagine that weak Europe Demand. Earnings are still growing and Current PE is 10.5 with 3% yield, Staples international sales fall on weak Europe demand Wed May 16, 2012 9:23am EDT * Q1 adj EPS $0.30 vs est $0.30 * Q1 revenue $6.10 bln vs est $6.18 bln * Outlook for 2012 unchanged * Shares down 4 pct in premarket trading May 16 (Reuters) - Staples Inc, the largest U.S. office supply chain, said sales at its international business fell for the third straight quarter, as demand in Europe remains weak, sending its shares down 4 percent in premarket trading. Sales at Staples' international business, which makes up about 20 percent of the company's revenue, fell 8 percent, as same-store sales in Europe declined 6 percent. The company -- which operates in 26 countries in North and South America, Europe and Asia -- kept its 2012 outlook, as a slow recovery in the U.S. economy is also curtailing sales growth. "The international business continues to flounder, but that really does not come as a surprise," UBS analyst Michael Lasser wrote in a client note. Staples has cut costs as sales in Europe and some other international markets show no signs of recovering. JPMorgan analysts said they were encouraged by the company's cost-cutting efforts. "It is only a first step on the path of acknowledging the issues facing the business," JPMorgan analysts said in a note. The company's smaller rivals, OfficeMax Inc and Office Depot Inc, have also been reducing costs to boost profits. First-quarter net income fell to $187.1 million, or 27 cents per share, from $198.2 million, or 28 cents per share, a year ago. Excluding items, the company earned 30 cents per share, meeting analysts' expectations, according to Thomson Reuters I/B/E/S. Total sales fell marginally to $6.1 billion, missing analysts' expectations of $6.18 billion. For the full year, Staples said it expects sales to rise in the low single-digits, with earnings per share increasing in the high single-digits from $1.37 last year. Staples shares fell 4 percent to $14.20 in premarket trading on Wednesday. They closed at $14.75 on Tuesday on the Nasdaq.