Friday, May 22, 2009

Friday afternoon bargain hunting 

Amazon.com has alerted me to "bargain deals" in virtually every product category. I felt guilty keeping this important information to myself.


By Blogger Simon Kenton, at Fri May 22, 03:09:00 PM:

I'm not very interested in Amazon dreck, and I am much more interested in what you think are current bargains in the stock market. I'm inclined toward


whose reserves were recently expanded, and which at current prices are expected to last into the 2017 timeframe. The yield will replace the purchase price in about 2.5 years.

Your move. Some "whys" would be appreciated, but just a ticker is of course enough to start looking.  

By Blogger TigerHawk, at Fri May 22, 03:43:00 PM:

Simon, I don't know anything about WHX, but I would be worried about the dividend. The fact that the yield is so high is almost certainly evidence that the market believes that the dividend will be cut, perhaps to nothing.

The truth is, I am bereft of good ideas. I got lucky on this blog, getting very close to calling the bottom on the Dow (back in October I called for 6800 in March, and right now that looks pretty darn smart, but it is actually lucky), and I bought both GE and CVX at much lower prices.

I am a conservative investor, and when I buy stuff I tend to hold it for something close to forever. With that in mind, I continue to think that the big oils are very underpriced, especially if we think the global economy will move back into growth within the next year. I own XOM, RD, BP, and CVX, and most people think that CVX is the best bargain right now.

You might also look at the medical device industry, which will benefit a lot if the Euro continues to surge agains the dollar. I like STJ in particular (excluding my own company from consideration), but I'd look at Stryker (SYK), too.  

Post a Comment

This page is powered by Blogger. Isn't yours?