To: Paul Senior who wrote (21056) | 4/5/2005 9:52:37 PM | From: Brinks | | | Paul
I believe what the difference between you and I is as follows: I will take a relatively large position in Storm Cat (% wise to total portfolio) on ground level basis based upon some very extensive due diligence. At this point in time it is high risk. To reduce the risk in my portfolio to Storm Cat I will liquidate let's say one-half the position to recover my cost and ride the remaining "free" shares. I hope that the share price will decline so I will be able to decide whether to "reload" the Storm Cat position. What you are saying that your Storm Cat position is not that significant relative to your total portfolio. I understand therefore your reasoning then. |
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To: Paul Senior who wrote (20862) | 4/5/2005 10:23:35 PM | From: Spekulatius | | | re WMT - I redeployed the funds from my BUD share sale into WMT. I think that WMT has better growth prospect which makes it a better investment at an equal PE IMO. Shame factor of owning both stocks is about equal for both ( I never got around of finishing my first and last bottle of Bud light). |
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To: Spekulatius who wrote (21059) | 4/5/2005 10:49:19 PM | From: Wallace Rivers | | | I purchased WMT on Friday on the point plus drop. I've had good luck trading it, and it will probably be little more than the same - a trade. Trading at a PE of 20, the very low end of its recent historical range. |
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To: Spekulatius who wrote (21059) | 4/6/2005 12:38:04 AM | From: Paul Senior | | | BUD, WMT. Both high shame stocks for me. WMT so bad imo, that I won't even put it on my screens to remind me of it. As for BUD, my family mostly scoffs at anyone who would consider Budweiser as a beer of choice.
Ah well, I still hold BUD. I'm too ashamed about WMT to admit owning any, or confess that I might add more should the stock drop about another 1/2 point to a new annual low. -g- |
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To: Bob Rudd who wrote (15637) | 4/6/2005 1:33:13 AM | From: Paul Senior | | | SGR: Well, for those of us still with it, it looks like this year we've come back up from the valley:
finance.yahoo.com
Shaw's just had or is having a stock offering, and I assume that that has contributed to today's drop in the share price. I hope and expect the drop to be temporary, and I added a few shares today assuming I might correctly be seeing an opportunity.
We know the power market collapsed a few years back, almost taking Shaw down with it. Those problems are behind Shaw (I presume.) Business has come back, and I am hoping business continues to improve as we enter '06. I don't know the intracacies of Shaw's contracts (e.g customer cancellation clauses/terms, % completion accounting, fixed cost contract or not, etc.), but overall, the latest company p.r. from Monday looks promising to me:
"Shaw's backlog totaled $5.1 billion at February 28, 2005, with approximately $2.4 billion, or 46% of the backlog expected to be converted during the next 12 months. Approximately $2.6 billion, or 50%, of the backlog is in environmental the and infrastructure sector, primarily contracts with Federal government agencies and commercial entities; approximately $1.8 billion, or 35%, of the backlog is comprised of projects for energy industry customers, primarily nuclear and fossil fuel power plants; and approximately $0.7 billion, or 13%, related to projects for chemical process industry facilities."
Stock is now under $20. I'll try to hold 18-24 months to see if it might reach $30. |
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From: hoyasaxa | 4/6/2005 2:23:33 PM | | | | 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 | | | 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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