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

To: SimonK who wrote (48593)	7/5/2012 4:42:16 PM
From: E_K_S	Respond to of 78687

Welcome to the SI Value thread SimonK - From your list of stocks ( goo.gl ), I own TOT that I bought at 10% higher prices. I believe this is an excellent undervalued large integrated oil play. You might want to bookmark the McDep report Web site. They rank TOT as the most undervalued integrated oil company (at least on their latest report). Pg-2- of the report shows TOT with a .53 McDep ratio (47% undervalued on their 1.00 scale). mcdep.com As far as your other stocks, most are selling with a PE below 10. That for me represents a pretty good value. DDAIF has been discussed a little down thread. At the top of the SI Value thread screen, you can enter a search string to find earlier posts. Here is a recent post by Paul Senior that mentions DDAIF ( goo.gl ). It helps to add one or more reasons why you like the stock(s) especially from a value perspective. I try to find those value stocks that fit an investment theme. Today, I started a tracking position in TRN. I didn't realize they were the leading producer of propane tanks, tank containers, and tank heads for pressure and non-pressure vessels in North America. As a value candidate stock, it also meets my NG infrastructure theme. goo.gl Many of the companies post their quarterly presentations on their Web site. That's a good source of information. Hope to hear about some of your other picks and some reasons why you like them. Maybe they have some yet undiscovered hidden value nuggets in a subsidiary/division which provides a level of safety for the value investor. EKS

To: SimonK who wrote (48593)	7/5/2012 7:05:02 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78687

Welcome SimonK. I try to review each alleged value stock mentioned on this thread to see if they might fit my criteria and be a buy for me. With my usual quick scan, my opinions are: UPL. Have to pass for now. I can't determine if it's a value (for me) unless I look closer at its land holdings, oil production vs. gas and ngls, nav. No time now. DDAIF. Looks like a value buy, and perhaps could be a better pick than my choice of Volkswagen (VLKAY). Though maybe not as good as BMW, mentioned here a few posts ago. I don't have enough information or conviction about Mercedes though to alter my holding of VLKAY, and given that I already own several auto manufacturers (GM, F), that's enough for me right now. TOT. Several of us on this thread have reported that we are buyers/holders of the stock. I'm in, and consider TOT to be undervalued and a buy at its current price. NIKE. Seems relatively (to its history) undervalued. Paying 15x forward p/e though for a shoe/clothing manufacturer still seems too expensive too me. OTOH, it is Nike with its excellent history of profitability and its brand name and apparent dominance in footwear technology and footwear sales (riots occurring for its latest fashions). For me, I'll pass on this one at its current price. For some stocks, the question imo has to be asked "How long would you be in these stocks?" I suspect a couple years or 3-5 year holding for NIKE would eventually put the price up higher than it is now. Maybe decently higher. Perhaps higher for Mercedes a couple of years out also. If the stock were held that long, then I'd say the stocks could be buys at current prices although they may be expensive. (Expensive in my view). Good luck with your choices!

To: SimonK who wrote (48593)	7/5/2012 9:15:06 PM
From: Shane M	Respond to of 78687

Hi SimonK, I've owned TOT before and it still seems attractive to me, esp w/ the dividend if it's sustainable (they're cashflow negative right now), but I got stopped out for a loss on my last buy (maybe a yr ago?) and have not re-entered. After your post I just looked at TOT again and noticed it's now down to 1.1X book - pretty low compared to XOM, CVX. TOT used to trade 2-3X book prior to 08.