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

To: Spekulatius who wrote (48506)	6/29/2012 4:28:05 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78530

Followed you and closed my MGDDY position. I've not focused on the slowdown in European sales. Perhaps I should. I'm assuming worldwide auto sales will remain okay, Michelin will get its share of business, and if the stock falls back yet again, I might have the opportunity to reenter. I could be wrong.

To: Spekulatius who wrote (48506)	9/5/2012 10:02:38 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78530

Bought back the shares in Moresco 5018.T at 726 yen. I am not sure why the shares went down again to the low prices a year ago, since the business seems to be doing ok, earnings should run around 90Yen/share this year. Moresco is a Japanese lubricant and specialty chemical company. I think their products like vacuum oils have captive customers that are not likely to switch vendors, at least that is my observation (i work with vacuum machinery too). Moresco is one of the more shareholder friendly companies in Japan, as they seem to raise their dividend (25yen last year) and communicate with shareholders via presentations (in Japanese unfortunately) rather than jut the sparse regulatory releases. investing.money.msn.com