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

To: Paul Senior who wrote (61375)	10/11/2018 7:13:17 AM
From: Spekulatius	Read Replies (2) \| Respond to of 78768

I bought a starter in TOL and FDX. My thesis on TOL is that it almost trades at tangible book, which is too cheap for a business earnings 12% + on equity, even if earnings will turn down. Housing starts are still below the historical baseline. FDX is GAARP trading at a little more than 12x earnings. FCF is currently nil because they invest in Capex to expand their network and they buffed their pension plan with extra cash contributions. They seem to have done a good job integrating TNT and synergies from this merger are still forthcoming.