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

To: Ditchdigger who wrote (49865)	10/24/2012 11:52:21 PM
From: Spekulatius	1 Recommendation Respond to of 78671

GLW@12.12$. joined you in GLW and bought a starter in GLW. I see signing up a new customer for LCD glass and the growing revenues for the Gorilla glass (specialty materials) as positives, that seemed to get drowned out. Certainly the stock is cheap but it will take a while to realize the value here. Also bought a starter in APA at 82.25$ and CSX again (forgot to close a GTC order actually) at 20.7$. I have looked at NSC, which is a close peer to CSX. Both face the same headwinds from the shrinking coal transport business, but CSX had their cost under control, while NSC had not. Looking back, NSC was a way better managed railroad compared to CSX but CSX has been catching up and now is performing better. I think that NSC has a management problem and unless something changes, they will continue to underperform most likely. They certainly have underperformed since the great recession (since i have been watching the stock) when they failed to benefit as much from the economic recovery as they could have. Right now, it seems that CSX trades at a very similar valuation to NSC (P/S, EV/EBITDA P/E), so it's just that the traditional premium to CSX is gone. With CSX showing better momentum and execution, I think this stock is the better buy, even after NSC's drop today. APA is probably pressured over uncertainty over their assets in Egypt. So far however, In have not heard anything that let's me believe that the new government has done anything, that would impair APA operations there.