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

To: Spekulatius who wrote (55172)	4/11/2015 12:28:31 AM
From: bruwin	Respond to of 78627

More like buying a good or great business at a fair price, rather than a value stock Seems like a better idea.

To: Spekulatius who wrote (55172)	4/11/2015 2:22:26 AM
From: Paul Senior	1 Recommendation Recommended By Jurgis Bekepuris Respond to of 78627

I'm not so sure the industrial distributors have moats. In good times some do tend to sell at p/e's of 20 or more because of their good earnings and dividend history. I wonder if the internet has leveled the playing field for some/all of these guys, or otherwise made competition much stiffer. The stocks have gone up and come back down. Maybe that makes them priced as "fair value", maybe not. I've looked at Fastenal several times recently and have decided it's still too expensive for me. As I said a couple of posts down, I'm adding to my WCC position. finance.yahoo.com That one to me looks like value at a fair price. Jmo, of course. And I'm expecting that I'll hold RELL and IM for a while. These being my current value picks.

To: Spekulatius who wrote (55172)	4/11/2015 12:23:06 PM
From: Paul Senior	1 Recommendation Recommended By Mattyice Respond to of 78627

I'll look at KLXI, mentioned in today's Barron's: Some recent spinoffs look particularly attractive, says Joe Cornell, publisher of Spin-Off Research. His team recently recommended two U.S. spinoffs: the New England bank Citizens Financial Group (CFG) and KLX (KLXI), a distributor of aerospace parts....KLX is one of the market’s newest spinoffs, having em KLX is one of the market’s newest spinoffs, having emerged from B/E Aerospace (BEAV) in December. The company is a major distributor of parts to the airline industry, with some one million SKUs, or stock-keeping units. Prior to the spinoff, KLX made an ill-timed move into the energy sector, which now represents almost a quarter of its revenue. The broad selloff in oil is weighing down those revenues, but KLX remains attractive, especially as airlines see record profits and passenger traffic grows. Spin-Off Research thinks the stock is worth $54, 35% above a recent $40. Stock seems to fit my value criterion; I don't like the energy services aspect though.

To: Spekulatius who wrote (55172)	4/14/2015 11:13:59 PM
From: Jurgis Bekepuris	Respond to of 78627

FAST, GWW, MSM - yeah, I see more chatter about these names. They still look expensive to me. I doubt they'll drop much in current market though. You are already getting flat to down prices for couple years in a raging bull market. (I guess that's an example what happens when one overpays for good to great companies... ). So, yeah, tough: buy now and still pay a steep price or wait and risk missing somewhat of an opportunity... I don't hold any of these right now and no plans to buy. I'll probably miss an opportunity here though.