A few years ago the European industrial ABB was selling for around $6-7/sh. They do power systems for big utilities. They build power plants. I sold it at $22. In '14 the emerging markets are going to rebound. Industrial stocks will do well. I have to harvest some capital gains in early '14 and I plan to add to ICA under $9/sh. GLTU. I don't think I own enough ICA.
That's just fine with me. When they finely do, we'll all just be sitting here with shares bought under $8. ICA should double in a year. I could see $20's easily with any sort of Mexican infrastructure stimulus. This is a very cheap stock. A real company. It's not going anywhere. Sleep well my friends.
I'm no analyst, but I can tell when a reasonably decent company is worth buying or not. The steel industry is a nasty one, so I understand that a lot of investors shy away. It's not cutting edge tech. It's not like selling burritos in a fresh, healthy way. I know. But really, MT is a solid, old company. It's not going away. There are a lot of steel companies that will disappear before MT does. It sells at a fraction of sales and book value. It has generous free cash flow. Again, don't buy it if you're wary. Clearly if you think the world economy is going to tank again....don't own steels. But as a deep value, industrial play you can't say there are a lot better "deals" out there right now than MT.
So the Asian thing....Chop House or Shop House??? Which is it? And now they're throwing out a new Pizzeria Locale idea. Competing with themselves. Anything to keep sales up. Profits aren't the thing here. It's sales. How many people and how many times/week are people going to go out for fast casual/week. Chiptole? Panera? Pizza? Mexican? Chinese? Coffee. Donuts? Will anyone ever eat at home anymore?
Nope. It will go there...and lower eventually. But, not this week. It will go to 28 x $12.00 earnings = $336+/-. 30 x $11. 33 x $10. Whatever. Eventually.
Actually looks like a little bounce now. I have to check but it looks like it wants to hold it's 50 dma. If it can' the gap down around $470 is looming to be filled. Nice company. Scary stock.
Well I hope management is the one sopping up these shares. It's pretty obvious the "street" is selling. I suspect this is mostly just tax loss selling, after all there can't be anyone holding this stock at a profit. My post from last week didn't completely fill. I was saying I think the stock is way oversold and undervalued, but as a non-shareholder I have to say that Eric Singer is the guy I have trouble with. He's Chm. of the Board and sold most of his shares in the 3 mos. leading up to last week's report and all of them higher than they are now. If he knew a buy back was coming (he obviously did) and yet still sold all those shares it does not instill confidence. He clearly wasn't thinking the buyback was going to bolster shares. His background, also, tends to be more oriented at investor, rather than manager. His actions do not suggest he thinks SIGM is about to turn around.
I think SIGM will rebound, but not until the last couple days of the trading year....or early '14.
CMG opened $4-5 up....now selling below the open. Hmmmm. Sellers are trying to get ahead of the early '14 sellers. No one wants to buy more of CMG right now. I suspect early next month there will be some serious 2014 capital gain mining going on in CMG. There's some now, but wait until the New Year. Sell in Jan. and delay those capital gain taxes until '15.
So just because they slice it in front of you, that makes it "fresh". Why? How long has the block of cheese been there? The salami? Fresh? How? Why?
I don't own any shares in SIGM. I just saw the big drop today and as a Schwab customer SIGM showed up on a screen I routinely run of highly rated (Schwab has SIGM rated a "B"...buy stock) that take big hits. I didn't think the SIGM report was that bad and I did look into the financials and I see the company has no debt and about $2/sh in cash. It's selling for
Interest is flailing....at least on this board. Again, I think CMG is fine as a quick place to get a half way decent Mexican meal. But really, it's nothing special. It tastes fine. I find the preparation and waiting in line like being at a Subway shop. If you like that (I don't) go for it. Everywhere I go when I notice a CMG store, I take particular notice of how crowded it is. Other than the very 1st time I went in one....about 3 years ago in Georgetown section of D.C. I've never seen one with a line longer than 1-2 people. I've never seen one "crowded". I know they must be. People say it all the time. I've just never noticed it and I have tried to pay attention. Again, CMG strikes me like a Subway.
I find this stock fascinating. I want to ignore it. Like Peter Lynch says, buy stocks in things you know and understand. I can't bring myself to buy. I just know the day I finally cave, it will be the top.
With all due respect, short covering also makes no sense. The volume was something like 5x normal. No need for shorts to cover. There's been no news. When volume and price go up that much in 1 day it's because someone wants a lot of stock in a hurry. But why?
Odd. Stocks don't move 24% in one day for no reason. I can't find one. I own the stock from around the $3 area, so I'm happy....but for the life of me I don't know why this move occurred today.
Doesn't make sense. The same insiders who were exercising options and selling the last few months are now buy at higher prices? I doubt that was why we got a bump today. They sold more in the last 3 months than they've bought.
Something else happened today. I don't know what it is, but it's good...whatever it is.
I can't disagree, really. I will look at it. But I may not buy back. I still think it has real potential. I like the sector and their products. But management is iffy. I have a lot of gains to offset this year. I sold GSE and a couple other speculative stocks that didn't pan out as offsets.
I've always wondered if the Cargill Trust HAS to sell their shares if MOS wants to buy them back. If they don't have to, I can't see why the Trust would want to sell their shares at this price.
There will be a "distribution" probably not coming 'til end of January. Insiders/management are not stupid. They are buying in the open market...with their own, real money. This is tax loss selling. I suspect the stock will touch $9 before EOY. I see it trading in the $1-12 range next year. I think QE will continue. NLY is in a nasty position but they are the best house in this slummy neighborhood.
dropped below the 200 dma this AM. bounced. Will see if it's trend has been broken. Again, ADI lives off high margins and free cash flow and nice dividend. sales are not growing. Again, why this thing trades at 23x earnings is a mystery. At 18x (still above the SP500 p/e) earnings the stock would be around $40...with a yield around 4%. That's a good buy price.
Being valued as thought BK is on the way. It won't be.
A lot of fear out there re. NLY. A lot of managers don't want to show this puppy on their books. Taking tax losses now. Be greedy when others are fearful. I'm not buying today. But I'll probably add if it hits $9.
This will likely continue for a couple more weeks, especially if the overall market continues to hold up or rally. NLY is a tax loss and source of funds. No dividend for a couple months.
January will be better.