^ Um, yes, quite.
If it's utilities with nuke-generating power, it's a maybe, but you never know -- if Obama gets in, not much chance for more nuke stations. Westinghouse & GE are plant makers and there's a new 8-member utilties group -- NuStart -- that's looking into feasibility. Some say plants could be on line by 2014.
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Originally Posted by Spin  Quote: |
Originally Posted by Jet Gorgon I would add a few financials in the mix | I'm keeping an eye on them and have a couple of targets in mind. Purchasing US housing companies is something I want to do also (Toll Brothers in one i will buy i think). Problem is, just when you look at these companies and think "damn they're cheap now" a few days later they fall another 10-15% or whatever! It like catching a falling knife isnt it?
I think just nibbling away at a position 10 or 20 shares per month in companies like Citi might be a good policy. At those levels if things go Bear Stearns the losses should be minimal. Long term, its a double your money situation I feel.
Jet, which financials would you recommend? |
You are so right, Spin. Citi's carnage in its inv banking ranks and a reorg might help; I just don't like the CEO Panjit. JPM has to deal with its Bear Stearns reorg, but hey, its got US$748bil in cash on its books, altho debt is about $472 bil. Wait for 2Q results.
Insurance cos -- gag. A few are doing OK with greater strides in int'l markets. Can't divulge info at the mo.
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Originally Posted by Agent_Smith Would now be a good time to sell my Enron stock or should I wait for a turnaround?  |
Trade it for Bear Stearns.
The US utilities are ok for value as most pay dam fine divs; with stock prices rising and the div yield, the returns are pretty healthy. The new-age power cos (solar, wind, hydro stuff) are so dependent on govt subsidies, coz their costs are so bladdy high. I'd also really research the mgmt and check the books. One green co making enviro-friendly cleaning products is listed on the Vancouver SE (steer clear by an ocean); a few friends invested at $0.40 or something; the stock zoomed up and then crashed -- mgmt probs.
Potash would have been good when Thormaturge bought in (show off
), but all of those cos need to come down a bit more for a good entry point.
Airlines -- def no. But an Ireland-based aircraft leasing co (sorry had to edit out the full name) may be worth a look see. They lease aircraft to major carriers who obviously cannot afford to buy now. Mgmt seems astute. Only prob: lots of debt.
Food cos -- input costs are zooming up, but many are passing those on with pricing and everyone seems to be taking it, altho private label brands (retailer brands, etc) are carving out a wide niche.
Sorry I can't name more names (the stocks I like are on our restricted list). I don't wanna die...