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   Strategies & Market TrendsValue Investing


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From: hoyasaxa4/6/2005 2:23:33 PM
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Pick for 18 years

Thanks for the comments, Paul! Working with my father in law in the real estate/ private equity business and no longer an equity analyst. Planning on invest 15K in each of the next 4 quarters in a different fund for our new little man. Leaning with first pick towards the Third Avenue Value Fund or the Vanguard S&P Index.

Noted my major positions in my last post. Centerpoint Energy probably my best pick for the next five years. Still holding Dale's CETV (sold half the position at 51, bought in high teens, low twenties, thanks Dale).

Mike B. and Dale and good old Jim C. are certainly good folks. This thread and Dales remain the only one's I look at regularly.

Interested also in any commentary on my "state of the world" rant.

All the best- HoyaSaxa

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To: hoyasaxa who wrote (21066)4/6/2005 2:37:40 PM
From: Dale Baker
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If history is any guide, buying and holding some Berkshire B (BRKB) shares for 18 years would probably be a good move. It's as good as just about any diversified big cap fund around.

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To: hoyasaxa who wrote (21066)4/6/2005 4:48:21 PM
From: Paul Senior
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hoyasaxa, more comments, Third Value, Excelsior

Third Value seems like an easy choice, but I'd pass on it. Marty Whitman's 80 years old. He was on Bloomberg for an hour this week - still sharp but slipping a bit; he has aged since I last saw him on TV. (Cripes, I'm slipping too. Ugh)
C. Jensen, his main(?) successor may be good, but may not be as good as The Master.

Check WSJ, 4/4 Quarterly Mutual Fund Review, pg. r4 article on John Keeley of Keeley Small-Cap Value. Family and friends of Keeley invest in this value and restructuring fund. Ten year annualized return of 17.4%, according to the article. No investment greater than 1.2% of assets. Has a high load fee though, which they might be considering reducing. (Possibly I've got my preferences in this suggestion more so than what you might be wanting - namely, I like the value aspect, the off-beat stuff (restructuring), the diversity, the family business (eats own cooking), and investment experience (Keeley's 64 years old)).

Also look at Torray fund. He makes concentrated buys with the view of holding his stocks ten years or more. (aside: He's been a buyer of BUD. Wonder what his opinion of it is now.)

All jmo, I'm no expert, and I am wrong a lot.

---------
CETV seemed too expensive to me and too hard to for me to figure - Sorry I missed that one. I am still holding all shares bought of LH though - your 11/'02 pick here.

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To: Paul Senior who wrote (21068)4/6/2005 6:23:06 PM
From: Madharry
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well i moved my portfolio around a little- sold some of crxl, added to MAXY CEGE DNDN at these levels.

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To: Carl Worth who wrote (20672)4/6/2005 6:36:20 PM
From: Paul Senior
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Carl Worth, regarding housing stock SPF: Fwiw, I'm considering upping my position a bit at this point.

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To: gcrispin who wrote (21057)4/6/2005 8:09:25 PM
From: James Perry
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gcrispin, I now have taken a close look at your choices mentioned in 2057, and agree that all have value. I will tuck a little of each into my portfolio, though in truth I believe Enpath is the one most likely to be a multi-bagger. I always buy with a long term view, but I look at my age and feel that I probably won't be able to wait for some of them.

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To: Madharry who wrote (21069)4/6/2005 10:30:04 PM
From: Paul Senior
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Madharry, I can't see those buys. (I have already admitted admitted that I don't see so well though -g-.) Just don't understand the attraction. Of those three companies, as I screen 'em, there's only one that's ever shown a profit, and that was for just one year. So what's the attraction for value players or anybody? OTOH, I certainly can see selling some CRXL. If you bought when it was mentioned here (I don't recall by whom) as a below cash play, you ought to have a 5-6 or 7 bagger with it at this point.

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To: Madharry who wrote (21069)4/6/2005 10:30:21 PM
From: Paul Senior
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delete duplicate post

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To: Paul Senior who wrote (21065)4/7/2005 9:59:17 AM
From: Spekulatius
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Spekulatius, timely move by you out of BUD
True, but moving into WMT does not look too good today either. Still I think that WMT looks better than BUD at this point -i expect BUD to end up in the low 40's before long.

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To: Spekulatius who wrote (21074)4/7/2005 11:13:09 AM
From: Paul Senior
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Spekulatius, I'll take a little WMT here. But I ain't going shopping there unless I'm desperate.

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