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

To: Spekulatius who wrote (52101)	8/13/2013 11:43:39 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78627

BON.PA - I don't find it attractive. As you said, it is underearning. :) Both P/E and P/B are low, but looking at EV it becomes way less attractive. Did you buy it and if you did, what was your reasoning for purchase?

To: Spekulatius who wrote (52101)	8/30/2013 10:15:41 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78627

Sold of BH.PA @51.8 €. The stock has done OK but not great, since I purchased. My other ploy is long GEF-B @54.8$, short GEF@55.6$. The GEF-B shares have 1.5x the dividends of the GEF shares and I believe also 1.5x the ownership rights (the earnings/share indicated in their reporting are 1.5x as well, which is a strong indication). There is an old VIC report, if I remember correctly. Typically the GEF-B share trade at least to a small premium to GEF, so even reversal to the mean would work for me.