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

To: Spekulatius who wrote (48414)	6/22/2012 10:31:06 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78742

Honestly, I also flipped my position. I am not very comfortable with their business with possible slowdown in Europe and China. Seems to be very much an infrastructure driven company and I am not sure how much of that is paid by country and local governments that may tighten the purse. OTOH, China could go on more rail infra spending, so it's not necessarily all bad. :)

To: Spekulatius who wrote (48414)	6/22/2012 10:57:33 AM
From: Paul Senior	Respond to of 78742

Faiveley: I'm out now after Jurgis Bekepuris. Thanks for mentioning this stock here, Clownbuck. I'll consider the stock again if it retrenches. Earnings this year less than last year. At glance, net assets increased, some of that property/plant/equipment. Perhaps company is gearing up for new/additional business (a positive). My concern with European-based companies is the Euro vs. dollar relationship. If the Euro (now at $1.255) drops to parity -- as some pundits postulate/predict/warn? -- and although that might affect earnings positively or negatively depending in which country products are produced vs. where the customers' countries are -- I wonder how I would fare if I were to sell European stocks that I'm holding now and converting the proceeds back into dollars at near a 1:1 ratio of currency exchange.