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Guggenheim S&P Global Water ETF Message Board

  • iluvbabyb iluvbabyb Sep 7, 2004 10:10 AM Flag

    Morning, Muff!

    Morning, gang! How nice to find some of my favorite hogfarmers hangin' out here ;-)

    Mista Parts...since you are the king of falling knives...thought you might enjoy this recent study on the subject:

    http: //www.brandes.com/NR/rdonlyres/5E4FE92D-B271-444F-99FD-7DBB96E9368C/0/FallingKnivesAroundtheWorldPaper.pdf

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    • Thanks for that link...I haven't read it other than a quick glance, but thats right up my ally...

      I like there combination of the technical basis and the enterprise value interpretations on first glance....also seems interesting that they break it out by sector.

      That sort of thing can play into Mungers being able to act quickly and big on something you know (although not nearly a munger long ski slope investment).

      The techinical is more of a bell ringing to take a look than it is a decision point...a sort of screen it seems...

      ...yet of course it appears they try to justify the stuff on a mathematical distribuation basis not a company qualitiative...but I haven't read it yet just paged through it.

      Thanks

      • 2 Replies to sometomfool
      • Hi Tom,
        A friend sent me the following, and I thought you might keep it handy...for the next time someone picks on you for your spelling ;-)

        Read at almost any speed............. the human brain is a great computer.

        I cdnuolt blveiee taht I cluod aulaclty uesdnatnrd waht I was rdgnieg The phaonmneal pweor of the hmuan mnid Aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer inwaht oredr the ltteers in a wrod are, the olny iprmoatnt tihng is taht the frist and lsat ltteer be in the rghit pclae. The rset can be a taotl mses and you can sitll raed it wouthit a porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe. Amzanig huh? yaeh and I awlyas thought slpeling was ipmorantt!

      • And Good Morning Friends.

        Here we go again ...

        :-)M

    • greetings babyb....thanks for the knife report
      finally we have a point.....
      ...the students at the B.S.B.S. will take
      a stab at catching the significance of this
      report during our first semester....usually the most entertaining part of the
      year as it includes September and October,
      two favorite market months here at the
      school...
      speaking of salad oil knives.....
      (...WEB still holds a nice record on that one...)....no or low debt....goes a long
      way in weeding out those bkcy candidates....
      again nice to see you here in the vinyard,
      bdparts

      • 1 Reply to bdparts
      • Mista Parts,
        Seems like the study showed that catching falling knives provides rich rewards...no wonder you like doing the knife dance ;-)

        The folks at Brandes did further research on falling knives which wasn't in the origianal article or posted on their website, but which a friend sent me. In that additional research, they found that knives with extremely low P/BV and P/E ratios experienced higher than average bankruptcy...but with your focus on companies with little debt, you are avoiding those Chapter 11 companies anyway.

        They also found that falling knives with smaller market caps tend to post less outperformance than their larger-cap counterparts.

        So keep catching those knives...but look for the bigger ones! ;-)

    • Good Morning Luv!

      Good Morning Friends.

      My, that feels good. So glad to see your smilin' faces, ay?

      Welcome, Ed.

      :-) :-)

      Mark

 
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