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

To: Spekulatius who wrote (52114)	8/14/2013 1:18:50 AM
From: Jurgis Bekepuris	Read Replies (2) \| Respond to of 78628

Yeah, you might be right about food companies at 10x earnings are a good value I guess vegetables are like fruits where brand loyalty is low - I seem to remember that from past discussions about FDP and DOLE. I think some people made good money on those. I never bought or bought and flipped. :) I usually have trouble buying low ROE companies. :) Anyone who catches low ROE company on margin increase / turnaround can make great money though. :) So perhaps you gonna be right about BON.PA and BH.PA too. :) I was going to outlast you with EVK.DE. But might outlast only a day or so. Considering selling. :) I think that KSB.DE is more attractive, but I am still not 100% sure that I want to buy it. :) Ms. Bekepuris says that KSB is the most attractive from EVK/KSB/VASTN european selection. But she might like BON/BH if I told her about them... haha. :) Also one more thing: you've been investing in Euro-cos for a while now. Do you start getting some feeling about family controlled ones? I.e. when it is good. when it is bad, some warning signs or whatever?

To: Spekulatius who wrote (52114)	8/14/2013 9:38:53 PM
From: Spekulatius	Respond to of 78628

Re BON.PA. - reconsidered and sold for a lunch money profit. While a 10x PE multiple seems attractive for a food company like BON.PA, this is negated somewhat by the high debt load. I am passing for now and keeping it on my watchlist. The Fruit business like FDP and CPQ is worse than BON.PA business, which is canned foods (and comparable to SENEA) because branding does not matter much to the customer. The customer cares what the fruit looks like and maybe where it is coming from and if it's organic or not but generally they don't care about branding. That is very different to most processed foods and to some extend even canned food where branding matters.