Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Paul Senior who wrote (52720)	11/7/2013 4:32:54 PM
From: E_K_S	Read Replies (1) \| Respond to of 78705

With the DOW off over 152 pts (S&P off 1.32%) I made only one small buy and one small sale. Norcraft Companies Inc (NYSE:NCFT) - New IPO priced at $16.00/share OCI Partners LP (OCIP) - Sold out my high priced shares for small gain and will re-enter position at $21.50 or lower. I started a small position in NCFT at $15.75/share. Seems like a good way to play the real estate recovery. I have used their furnishings in several remodel projects and like their quality. Seems like a pure play too. Norcraft Companies, a leading manufacturer of kitchen and bathroom cabinetry in the US and Canada, raised $102 million by offering 6.4 million shares (all primary) at $16, the low end of the $16 to $18 range. The company had previously filed to sell 5.9 million shares, with an original deal size of $100 million assuming the midpoint. Norcraft Companies, which initially filed confidentially on 7/30/2013, plans to list on the NYSE under the symbol "NCFT". Citi and UBS acted as the lead managers on the deal. ----------------------------------------- The value proposition for me is it was selling below their IPO price of $16.00/share. Other more knowledgeable investors sees this as a good long term hold and is positive on their future revenue growth. Proceeds of the IPO will be used to pay down debt (that's always good). My position is small a 0.25% portfolio buy. This buy fits my real estate recovery theme. I continue to watch your recent MDC pick for an entry buy. LGIH had a good IPO debut today and closed at it's high at $12.90/share. I like their overall bundled approach for selling their starter homes and like where their their selected regional foorprint but am skeptical about their stated 50% sales growth projection for 2013. I passed on any buys today but may enter a small position in the future just because I like their overall sales concept but for me, it's not a value buy at the current price. EKS

To: Paul Senior who wrote (52720)	11/8/2013 12:27:58 AM
From: Jurgis Bekepuris	Respond to of 78705

MDC - I'll skip. Their earnings are non-cash, so the recent good earnings metrics are not real. I guess 1.2 P/book and 0.9 P/S could be attractive for some people.