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


To: Steve Felix who wrote (51927)7/25/2013 8:28:28 AM
From: Asymmetric  Read Replies (1) | Respond to of 78490
 
>Sometimes the "smart money" isn't.<

True. Fortunately, I don't own any Walter Energy. Their balance sheet is
highly leveraged, and a bank refinancing deal fell through recently (last
month?) so in hindsight a cut in the dividend, though still a shock to
their shareholders, was probably inevitable. What prompted all the
insider buys - ??? unclear to me.

More to the point, KTOS, which I did buy and still own, is around $7,
which is up 66% from my buy point.

Not saying I'm any genius or stock guru. Just one stock I got right:
- for now.

- A