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

To: Spekulatius who wrote (57509)	7/21/2016 7:22:46 AM
From: Spekulatius	Respond to of 78705

Recent sales: 1) Sold my remaining OKE bonds for a 40% gain. Yield to maturity went to 5%. 2) Sold my GS @$162.5 after the quarterly earnings came out. While they did have a decent quarter, I don't see them earning more than 10% of their equity any time soon and probably less than that. This does not justify much more than book value, which is pretty much where the stock is right now. I actually think that some European banks like CS and possibly BCS are interesting as they trade to significant discounts to tangible book (for good reasons possibly).