Finding Value?

[adobee]

In this up and down market is it time to start finding value and picking up potential bargains? I am not talking about spec shares that have halved but companies like Zinifex & Mac Bank that have dropped substantially but have great underlying income and dividends. I would be interested in what people are considering buying that has good fundamentals and potential for a strong recovery and why.

 

[dhukka]

In this up and down market is it time to start finding value and picking up potential bargains? I am not talking about spec shares that have halved but companies like Zinifex & Mac Bank that have dropped substantially but have great underlying income and dividends. I would be interested in what people are considering buying that has good fundamentals and potential for a strong recovery and why.

Hi Patrick, I mean adobee

I like ALL under $13 they are coming off a low base in terms of earnings after the changes in the Japanese market. That should be turned around this year. The AUD/USD exchange rate will hurt but that has subsided for now.

Also like WDC, what's not to like? World class properties and world class management, need it to pull back below $18 for more of a margin of safety.

Agreed MBL is looking interesting but this company is too much of a black box for me. I stick to the rule that if I don't understand how a business makes it's money I won't invest in it. I prefer ANZ of the banks.

Also I think ZFX has been smacked around a bit and could provide an opportunity.

Plenty more around although I'm in no hurry, I think there will be more opportunities like yesterday present themselves to pick up bargains.

Phil Collins' solo career...
seems to be more commercial,
and therefore more satisfying in a narrower way,
especially songs like "In the Air Tonight" and "Against All Odds."
Sabrina, don't just stare at it. Eat it.

Absolutely brilliant that movie.

 

[Buffettology]

I beleive JST is currently undervalued, and also think it will release favourable results in the annual report. Strong retail trade figures, and only has to beat a poor second half period last year to gain decent growth figures. I value JST at around 4.50, so 4.29 is a good price!

MCR is very cheap at the moment, and just got HAMMERED today due to a director dying. A very short-term, one off shock that should not greatly affect the company in the long-run.

EQN for a medium-term position. Good price, though would have to hold until at least the end of 2009.

LRF, great price, with value per share above the share price. The mining sector I beleive has copped more than it should have lately, and will bounce back over the next few years, with short supplies, growing demand etc.

They are my current stocks of value. Nothing else other than maybe WPL has caught my eye at the moment. WTF may also be a good price though it is hard to value.

 

[brettc4]

Absolutely brilliant that movie.

The book was much better.
The chainsaw scene is nothing in the movie compared to what happens in the book.

 

[wayneL]

Bear in mind when looking for value, the possibly shifting earnings landscape if the world goes into recession... which probabilities are now distinctly higher.

Booze apparently does well.

 

[dhukka]

The book was much better.
The chainsaw scene is nothing in the movie compared to what happens in the book.

Absolutely, the movie is not a patch on the violence in the book. Brett Easton Ellis had a few issues when he wrote that I'd say.

 

[tcoates]

Based on historical valuations there are a lot of stocks that are "oversold". Doesn't mean they wont go further south in the short-term. I don't know much, but we ain't seen the last of this mess and would prefer to buy on a stock go up than down (unless you are shorting)

But to chuck 2 stocks in to the mix - go ANZ and BNB.

Tim