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

To: Dennis 3 who wrote (48325)	6/15/2012 12:41:26 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78666

I'm not sure what a definition of "good stock" is in this market. You've not seen though all the Euro stocks/Euro-related stocks mentioned here recently, Dennis 3? Especially note those by Clownbuck, who often provides a European prospective and European focus. ================ Fwiw, some continental European-related stocks that I have of which several haven't been mentioned here in a while are: Telecom: FTE, TEF Conglomerate: PRGAF, WNDLF Bank: BNPQY Auto: VLKAY Diversified construction: ABB, SI, LEY.pa Fertilizer: YARIY. (I am adding at around current levels) Drugs: NVO Restaurant/food service: SDXAY Media: PRIS-B (This stock not mentioned before by me. Exceptionally high dividend yield/distribution. Complicated situation, and I'm not fully understanding it. May not be a value stock.) Food: Chocolate, booze, cheese companies. I'm losing energy for writing down all the companies, -g-.

To: Dennis 3 who wrote (48325)	6/16/2012 7:38:09 AM
From: Bocor	Respond to of 78666

Although a few months old, you can get better prices now, and you might find something interesting. I have concerns that some of the divvy's, such as FTE for example, are unsustainable due to the fiscal turmoil over there, but even so, there might be something worthwhile here. 5 European Telecom Companies With Yields Higher Than 9% seekingalpha.com

To: Dennis 3 who wrote (48325)	6/18/2012 10:20:39 AM
From: Spekulatius	Respond to of 78666

I continue to buy shares in KSB3.DE. I posted of this stock before in this board. Currently trading around 36o-370 Euro. Earnings are estimated to be 40-45Euro this year. Stocks are trading around book value (mostly tangible) and the company has net cash on the balance sheet (~ 30% of the market cap) EBITDA/EV ~4x. KSB is a large pump manufacturer in Germany with worldwide activities, controlled by a family. There is a decent LT track record and the company and their markets have improved over time (due to consolidation I assume). Compare this to XYL, trading at ~9x EV/EBITDA. XYL is a better company (by profitability measures) but still... I also like European holding companies and own some GLBL. Investors A/B (3rd Ave owns it) and SOD.BR are also interesting. All have steep discount to fair value.