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

To: Paul Senior who wrote (51885)	7/13/2013 12:33:37 PM
From: Spekulatius	1 Recommendation Recommended By Jurgis Bekepuris Respond to of 78715

NOBLE - their facilitate trade in commodities and those have been weak lately, especially iron ore. The fact sheet shows deteriorating profitability. The razor thin profit margins are a bit concern for me. I also wonder what would happen if one of their trade partners goes bust. I think it could cost them a lot of money or at least with a very unhedged long position in volatile commodities. This is not a business model I am comfortable with. thisisnoble.com

To: Paul Senior who wrote (51885)	7/13/2013 6:40:00 PM
From: E_K_S	Read Replies (1) \| Respond to of 78715

Re: NOBGF It looks like I have made six buys in this one since 9/2009. All are loosers too. My last buy was 10/3/2011 at $0.98/share. NOBGF is now selling at $0.73/share almost 25% below my last purchase. I will hold off on buying and/or selling now but do plan to add to my other miner and natural resource companies. VALE, RIO and some small jr miners look like good value buys as they all sell below BV now. NOBGF seems to be trading similar to these resource companies (but do not own the actual resources). They are more of a logistics company and I suspect their business is down too. I did add some AAUKY last week and really now is the time to add shares in many of these resource companies as I expect in 3 years many will be much higher. I keep this and many of my other foreign stocks in this account (Ameritrade) which only represent 4% of the taxable portfolio. I have not looked at this account in awhile and see that SDCJF shows a small gain of 8% and MNHVF shows a 17% gain. However my NOBGF and AUNFF are big loosers down 56% and 74%. I am presently building up cash reserves and now in many years have the highest cash amount in the taxable account at 7.8%. The IRA has just over 3% cash and even this Ameritrade account has a 3.4% cash reserve. So maybe it's time to peel off some of those gainers in the Ameritrade account and add some VALE and/or AAUKY and maybe even a 20% add to my loosing NOBGF position. What have you done w/ your SDCJF position? I saw your recent sell on LEI and I may join you on that one too. They may have a problem refinancing some of their debt even though they own some very nice "oily" land assets. Debt always trumps hard assets especially if/when that debt might trigger some loan covenants and create a forced liquidation. EKS

To: Paul Senior who wrote (51885)	10/14/2013 10:49:13 AM
From: E_K_S	Read Replies (1) \| Respond to of 78715

Noble Group Limited (NOBGF) - peeled off some high priced shares Nokia Corporation (NOK) - Closed out NOK Booking loss in NOBGF and may revisit in 31 days. I like the company long term but w/ their leverage debt position, commodity price swings in Brazil and other countries, NOBGF has a hard time maintaining their margins. The positive is the markets they deliver to (China) are growing and should do so for many years. Closed out my long term NOK position as the stock has moved much higher since the spin off of phone division to MSFT. I am not sure if NOK can grow their business off of their patents and cell tower services like in the past. I will focus on other plays for now and move on from this name. EKS