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Zale Corporation Message Board

  • fabulouspoodle fabulouspoodle Dec 21, 2012 10:33 AM Flag

    Bought some today at $4.20.....

    ....I was gonna wait to see if I could get closer to four even, but I sold lots of big movers yesterday....and the pile of cash I've built up is getting me nervous. I will probably add before year end.....we'll see.

    best.

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    • So it must be you thats been dumping STC and taking it down !
      Knew I should have sold at $28.35 ! LOL

      I bought back the ZLC shares I sold at $5.95 today at $4.01.

      Lets hope they had a good X-mas.

      • 1 Reply to smaycs4
      • STC......thats a tough one. On the one hand, analysts are upping their price targets..one of them just bumped there's up to $35; on the basis that housing has just turned, and originations due to home sales will increase steadily over the coming years. The flip side is that we have been in a 'refi boom'; which should subside sometime soon. Overall, in the very short run; the refi deflation effect is a bigger negative than the home sales positive effect (imo)....thus 2013 will have difficult comps. But the positive increase home sales effect will last far far longer and provide a long term positive for the entire industry. Overall, analysts have upgraded the title insurer's and upped price targets; while at the same time giving estimates for '13 lower than '12.

        I was buying the mortgage company SNFCA in Dec/Jan '11 in the low/mid one's. I've sold all of it at a huge gain (its hit double digits). I also have sold some STC recently.

        But I have been looking to add other cheap looking housing plays with some of the gains....but plays that benefit from home sales rather than total originations (including refi's). I had some APT for a while now; buying under $1.20; but just recently added a bunch more in the $1.30's. I 'm not certain that their roofing/siding products will show increased sales near term, but it should happen sometime soon, and they were positive in their last earnings call. Meanwhile, it has a great balance sheet; and the very hot sector could provide great trading opportunities going forward just based on the smell of future revenue increases.

        There has been a persistent heavy seller recently in APT; its always possible that the seller knows something I don't.

        best.

    • I also reentered today. Small "dipping toes" position...2500 shares at $4.14.

      Sentiment: Buy