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

To: Jurgis Bekepuris who wrote (53723)	4/9/2014 1:12:55 PM
From: Paul Senior	Respond to of 78568

CE. Yes, you are right, and I see that 2013 results, excluding the gain on sale, were similar to previous year.

To: Jurgis Bekepuris who wrote (53723)	4/9/2014 1:39:15 PM
From: Paul Senior	Respond to of 78568

Yes, I do use forward p/e sometimes. Helpful to me to determine earnings direction. I like GILD. It has a relatively low forward p/e and relatively high roe. Although Yahoo's 28 analysts provide a wide range of earnings estimates, I'll bet they, and the the research reports that indicate GILD rising earnings through 2015, are correct. I am willing to act on this. (I'll have to hold the shares a couple of years, I would guess) There are a couple of things related. One is that I admire you for not following anybody. I'm a follower, so I am influenced by gurus, and sometimes estimates by so-called analysts or experts. Secondly, as I say, or would say, to value players -- if there's nothing to buy, don't buy anything. (In other words, going outside one's circle of competence can lead to sorrow.) Sitting still is just difficult for me in this market - so I stretch and bend: Some of the stocks I like and will buy or consider buying just are not going to offer a good value proposition or have the value buyer's margin of safety. Plenty of risk with something like GILD now.

To: Jurgis Bekepuris who wrote (53723)	8/22/2014 10:36:23 AM
From: Paul Senior	Respond to of 78568

CE: I cautiously add a few more shares to my small Celanese position. Last month company reported record quarterly results. This month the company has been announcing price increases for several of its chemicals. investors.celanese.com I interpret this as an offensive vs. defensive move--- "we're making good profits, but we're nevertheless raising prices-- because we can". This might work out to be good for future profits and the stock. (Or not) finance.yahoo.com