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

To: Paul Senior who wrote (50947)	2/21/2013 6:27:39 PM
From: Wallace Rivers	1 Recommendation Respond to of 78702

Hi Paul, Sorry to hear you own PAY, but I guess that happens to all of us. I know that has happened many times to me. A near 40% haircut is really harsh. A drop like this in PAY is the type of falling knife that attracts me. It seemed like everyone headed for the exit at once. I'll be interested to see what your take on the situation is.

To: Paul Senior who wrote (50947)	2/21/2013 7:34:26 PM
From: Bocor	Read Replies (1) \| Respond to of 78702

I tried to look at selling some puts this AM, but FIDO had not adjusted the prices below $20, lol. Seemed sort of weird since they are usually on top of things, but maybe tomorrow, although I prefer some kind of a dividend. This simply HAS to bounce. Key is to find the bottom.

To: Paul Senior who wrote (50947)	3/20/2013 2:56:26 PM
From: E_K_S	Respond to of 78702

Yara International ASA (YARIY) - Started a position This one was also discussed by Max Fletcher on the Dividend investing for retirement SI thread. This is a good find. I am in for a few shares as a starter position. The company has low debt and high BV. Their earnings do fluctuate quite a bit which is typical of an AG company. PE is around 6.4 if you use the 2011 EPS of NOK 41.99. I calculate a GN value of $69/share. That's a 43% discount to fair value based on the current price of $46.00/share.. Several of these AG companies sell at a discount to their GN. I like their 52 country exposure too. As I sold out of my BG and at current prices it is still selling at a high price, YARIY looks like an excellent replacement. EKS