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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (70071)3/30/2022 8:20:31 PM
From: E_K_S  Read Replies (1) of 70865
Some recent Buys: Not all Buys but a few of interest w/ news and or sectors I like
(Still finding Buys w/ low PE's; have not added many Tech stocks other than INTC & ORCL)

Vista Gold Corp (VGZ)
- Earlier this month they hired an investment banker perhaps to help find a Partner to help fund a new project they have been developing. Most of the permit & reports completed but now need a partner to help fund the project.

Vista Gold is a well-funded gold project developer. Their principal asset is their flagship Mt Todd gold project in Northern Territory, Australia. Mt Todd is the largest known undeveloped gold project in Australia.
Gilead Sciences Inc (GILD) - 35% add to position as this Pharma stock sells off. 9x Forward PE and 4.9% dividend. Could be their drug development is lagging and/or current drugs may be reaching end of patent but PEG at 0.42 reflects extreme value for future growth. Maybe that growth will be late to arrive.

Brookfield Infrastructure Partners LP Cl A (BIPC) - 15% add to current holding. Seems like this company is/was buying several of my REITs so been adding shares to reflect whole lot and balance weighting. Company does not generate a K1 when I called their Investor Relation (866) 949-2771 but since held in ROTH not a concern at this point.

More buys in Food/AG stocks:

Conagra Brands Inc (CAG) - 13.5x forward PE; 0.97 Debt/Equity services institution customers and private label products so may/could be a low cost manufacturer as retail looks for lowest price.

B&G Foods Holdings (BGS) - 15.5x forward PE; 2.9 Debt/Equity very large but management has operated at this level of debt for the 4 years I have owned the. Company did complete a debt refinance roll over for another 5 years last year. 7% div and modest/low growth. generates income for the portfolio. They own Jolly Green Giant which has been the growth component for them since 2019.

S&W Seed Company (SANW) - 65% add. Not making money but not burning too much cash either. They have a lot of specialty seed license/distribution for low water/salinity; alfalfa, sunflower etc. This is a micro cap $84 million and tons of shares 38 million. Could be an excellent buy out like CTVA to bolt on for their research staff and distribution. A very small percentage of the portfolio <0.05%


Cardinal Health (CAH) - 23% add to current position. 10.9x Forward PE; higher debt than I like at 3.8 Debt to Equity. Need more exposure to health care in portfolio. Company announced today they are expanding into Ohio. This is where INTC will be building their new state-of-the-art Fab plants that will be operational in 3-5 years. $15.9 Billion market Cap has room to grow; 5 year revenue growth 34%

Dana Inc (DAN) - 10% add as I build position. 7.6x Forward PE. This is an EV play as they will make the drive trans for the EV cars (also for fuel cars) HQ is OH $2.6 Billion market cap so still small. Their EV additional s/d be a big component for future growth.

Builders Firstsource (BLDR) - 18% add as I continue to grow this position. $12.7 Billion market cap 6.9x PE and very little debt at .44 Debt/Equity. This company builds trusses for new home construction. Also supplies/manufactures other home building products used in both new and remodel work.
Builders FirstSource is a leading supplier and manufacturer of structural and related building products for residential new construction in the United States. Manufacturing facilities include plants that manufacture roof and floor trusses, wall panels, stairs, aluminum and vinyl windows, custom millwork and pre-hung doors. Builders FirstSource also distributes windows, interior and exterior doors, dimensional lumber and lumber sheet goods, millwork and other building products.
some Sales of Notice;

closed out ONL - a REIT spin off from O and a really bad quarter (lots of write offs/kitchen sink type) broke even on position and not worth holding based on my review of properties (class B properties). Should have expected same since they were spun out and not at a bargain either.

closed out PAHC - sold most of this in mid/high $20's. s/d be doing better as sector is AG pharma so have them on watch list. 14.3 PE so not expensive. Been as high as $50/share. only $807 million market cap

peeled off shares in FSP, WSR, OHI, EPR, SCCO, HL, ATO, LANDO, ADM, VNQ, HMLPpA among others
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