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

To: Spekulatius who wrote (50269)	12/8/2012 1:20:36 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78462

I am also still tempted to buy insurance and re- companies. Started position in AHL yesterday. Also bought a small position in AAPL. Most likely this means AAPL is going to $300. :)

To: Spekulatius who wrote (50269)	12/8/2012 1:24:54 PM
From: Dennis 3	Read Replies (1) \| Respond to of 78462

Wow a lot of oil/gas and insurance co's. Here are my major holdings: wdc deck intc grpn glw ges teo aro

To: Spekulatius who wrote (50269)	12/8/2012 2:52:34 PM
From: Paul Senior	Respond to of 78462

DVN. I'm also adding. A little more this past week to my few shares. Apparently DVN's business has stalled; gas production/profits/low "implied reserve value" (IRV) might be issues. Otoh, stock now trades below stated bv, and that's unusually low in looking at the past ten years. And that's what attracts me. (Stated bv has generally been increasing.) Clyde McGregor of Oakmark Equity and Income fund in Sarah Max Barron's 11/3 article: siliconinvestor.com "Actions speak louder than words, so McGregor pays particular attention to deals and transactions—one of the best indications of management's priorities, he says. Take $23 billion Devon Energy (DVN), which McGregor began buying in May. While the market has been focused on weak natural-gas prices, McGregor is taking a longer view. Devon has used $8 billion in proceeds from offshore international sales to buy back shares, pay off debt, and grow its proved gas and oil reserves and drilling inventory. "It's an example of savvy financial management," McGregor says. "And it shows they're focused on shareholder value."" ========= (I'm just posting this in that might be of interest or relevant (or not). I'm not intending to tout the stock.)

To: Spekulatius who wrote (50269)	12/8/2012 11:43:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 78462

(In addition, i hold several dinky very low volume stocks that I'd rather not disclose) FMBL is pretty low vol. but thanks for sharing nevertheless. Nice pick.

To: Spekulatius who wrote (50269)	12/19/2012 11:30:57 AM
From: Spekulatius	Respond to of 78462

Cash-ing. Sold out SEP today at 31.05$ in my IRA. At a 6.3% distribution yield, I consider it fairly valued, relative to peers. I bumped this up to an 8% position after they announced the secondary, so I made a nice quick return. This paid for a couple of bad trades this year, like CLF etc. If SEP goes to a 7%+ yield again (with no change in fundamentals) I would scale in again (in size). I keep my similar sized SEP position in my taxable account.

To: Spekulatius who wrote (50269)	12/20/2012 10:42:03 AM
From: Jurgis Bekepuris	Respond to of 78462

GLW: CFO interview: bloomberg.com - not much meat, except perhaps auto glass business expectations. Disclosure: I have a large position in GLW.

To: Spekulatius who wrote (50269)	2/1/2013 1:49:36 AM
From: Spekulatius	1 Recommendation Read Replies (1) \| Respond to of 78462

Added just a few shares of GLW to my existing position. I pretty much agree with this article: seekingalpha.com GLW is what somebody more articulate than myself called a "multiple pillar value". The pillars are low PE (<10), dividend yield (3%), trading below tangible book (~13.5$), strong balance sheet with 2.5b$ in net cash and attractive new products like Gorilla glass,life science products, cats and many others. This is offset by Cyclical and t some extend structural weakness in the very important Display glass business. I think the combination of the value pillars at least for me, is enough to offset the concerns about the short term issues around the display business. I will likely add more if the stock falls back to 11$ or below, everything else being equal.