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| AUTHOR:
madphycom |
RANK:
Top Quartile  |
DATE:
Feb 02, 2004 |
PAST
RANK:    |
With recent retrenchment there seems to be more value out there than there was just a week or two ago; however, for the stock market as a whole there seems to be precious few stocks trading at low PE or low PS. Value seems to have gone out of favor for now.
Any suggestions on the value front?
My comment would be that this broad rise in the stock market, in conjunction with a broad rise in the bond market seems a bit too bubbly to believe in. |
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| AUTHOR:
athompson |
RANK:
m100 |
DATE:
Feb 02, 2004 |
PAST
RANK:    |
| TCHC, TRO, KFS, ENH, and RNHDA are some low P/E stocks that look pretty promising to me. |
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| AUTHOR:
allnewin01 |
RANK:
--- |
DATE:
Feb 02, 2004 |
| PAST
RANK: |
| I agree, those picks do look promising. It's interesting that half of them are in property/casualty insurance. The market seems to be giving the stocks in this sector away these days. I also have a suggestion; ACGL. |
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| AUTHOR:
mikki33 |
RANK:
Top Quartile |
DATE:
Feb 10, 2004 |
| PAST
RANK: |
I think about one REIT emerging from the crysis.
It is PGE.
Looks promising for me. |
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| AUTHOR:
sombrehombre |
RANK:
m100 |
DATE:
Mar 25, 2004 |
| PAST
RANK: |
First posting!
There's plenty of value to be found, but it tends to be concentrated in the energys, upstream exploration and production companies, in particular. They are responsible for the lions share of growth in equity earnings, but haven't been rewarded with much in the way of an increase in their share of the overall market. I find the Canadian midcap independents (ECA, CNQ, NXY, TLM) particularly attractive, especially with respect to their underappreciated proved reserves.
Despite their major runup, there's a lot to be said for the base metal miners (I like BHP, RTP, NRD) as the commodity bull continues.
And, for sustainable growth in other sectors, its hard to fault some of the value plays over the Pacific in China (CHA, CHL, CBA, HNP, YZP). Prudence (given political risk) precludes me from putting too much of my personal investments here, and the suppliers of raw materials to China (from steel mills to fertilizer makers, but clearly also including the oil-weighted energys and base metals) may benefit just as much as the Chinese ADRs.
Just some ideas that have been brewing in my cranium. |
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| AUTHOR:
delraydella |
RANK:
m100 |
DATE:
Mar 25, 2004 |
| PAST
RANK: |
For value, I'd be in shipping right now. Look for the most efficient shippers to do the best. While there's thousands of possibilities, 90%+ of carriers are privately held.
Trucking........seems to increase year over year, with a little less emphasis on LTL(less than load) carriers.
Railroads......although potentially the most efficient form of freight transport, they'll never be ready to admit that they can't ever guarantee just in time delivery. Trucks proved it 20 years ago.
Ocean freight....China!
Great Lakes freighters....looking better after several lousy years of low water levels and steel plant bankruptcies. Water levels should be higher this year and rates should recover due to the market for steel. |
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| AUTHOR:
madphycom |
RANK:
Top Quartile |
DATE:
Jul 11, 2004 |
| PAST
RANK: |
Mikki - You mentioned PGE. It has gone down substantially since your posting. Does this just mean more value or is the stock headed for some sort of crash scenario?
It's also interesting to note that TCHC hasnt gone anywhere - and I recall that it had some "problems with software" that prevented it from reporting first quarter earnings - it wasnt a fun situation (hey...I owned the stock at the time)...I sold out. The stock has hardly moved since then...is it still a value play? |
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| AUTHOR:
mikki33 |
RANK:
Top Quartile |
DATE:
Jul 12, 2004 |
| PAST
RANK: |
Prime Group Realty Trust (PGE) is an equity REIT, specialized in the offices, mainly in Chicago area.
In 2001 and 2002 it had a hard time after Enron collapce.
It was a last stage of the pipeline which was affected by the Enron case... Arthur Andersen LLP was the companie's major tenant. The rest is the history. The lease was terminated, it took 2.5 years to collect termination fee (I don't remember the exact number, but it was in the region of $30 mil). At the same time PGE was in developement and building process of so called Bank One Building, which was burning company's cash out. To finish the project the company was need to use building loans with very high interst rates... In Q4-2003 the project was completed, 70% of the building was sold out via some partnership. Building loans refinanced.
Another refinancig was performed for the "IBM Plaza".
So, I think 2003 was the turn around year for the company.
In 2003 the balace sheet was strengthen, cash flow stabilized. The management became better when Richard Fitz Patrick join the company as CFO and VP. (He previously was CFO of Omega Healthcare Investors Inc (OHI) and the move from 2.50 to 10 was the mr. Patric merit)
In February when I first bought the shares I was expected it will resume the dividends for the preffered shared in the near quater or two, and, definitely, I was right. PGE already paid preffered sherad dividends twice...
Next thing will be resumption of common shares dividends in 3-6 months and a nice price improvement as a result.
The stock price is cheap compare to the intrinsic value of the company. It also may be an attractive buy-out candidate in the nearest future.
I would expect 30-50% price move in one year time frame and 100-200% in 3 years.
Anyway, don't rely on my opinion, make your own DD.
Best, Michael |
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| AUTHOR:
ahknaten |
RANK:
m100 |
DATE:
Jul 12, 2004 |
| PAST
RANK: |
IMHO:
PGE -- concerned about the PE/ROA/ROE. Poor valuation. Short. |
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| AUTHOR:
auminer |
RANK:
--- |
DATE:
Jul 12, 2004 |
| PAST
RANK: |
I was targeting at least 30, if not 35 for FCFS
They got a 10% haircut on no news today, to go with another 10% over the past couple of weeks. I'm staying in with my M money, but I bought a few with real money today, too.
Anybody got any opinions/reasons for the drop? |
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