Added a small portion to my existing holding today at 22.50.
1. Investing in LUK requires faith in C&S. 2. The past/history have proved that they are better stockpicker than most of the guys out there. 3. Looking back very few of their investments have been permanently impaired. 4. Indirect inflation/commodity/currency play. 5. Lot of people waiting on the side lines, for a correction. Even if there is a dip, it won't last long. 6. Better to look two to three years down the road. 7. Economy is slowly recovering, even warren buffet is putting his money into economic senstive stocks, BNI. 8. Most stock valuation parameters are calculated at depressed level right now. 9. Lot of negativity on LUK, depressing the price. 10. I think the valuation on LUK is conservative.