Joined: 05/Aug/2006
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Posted: 06/Apr/2007 at 8:17pm
Vivek,
Uranium is my big disappointment. I had purchased WMC that owned 38% of know U reserves in the world! P/E was only 7 and U price was $17/lb. I knew fundamentals and company was taken over. I made 30% overnight but I hated that. Now U is $95/lb and doesn't look like it will stop here.
Joined: 01/Jan/2006
Location: India
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Posted: 06/Apr/2007 at 8:38pm
Was that company in Ukarine or Russia? I read most of the Uranium are in these two countries also I hope it was not taken over by the Al- Qaida???
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
Joined: 05/Aug/2006
Location: India
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Posts: 1371
Posted: 06/Apr/2007 at 9:05pm
Company was in Australia. Fortunately it was taken over by BHP and not by Al-Qaida. But BHP is so big in others that U is very diluted. People talk about geology and think that Russia/Ukraine/Kazakhastan should have reseves but they need to find and identify them. If they find reserve today, it may take 6-7 years before it reaches mkt.
Joined: 02/Sep/2006
Location: India
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Posted: 06/Apr/2007 at 10:03pm
Here is WB's take on value v/s growth:
Common yardsticks such as dividend yield, the ratio of price to earnings or to book value, and even growth rates have nothing to do with valuation except to the extent they provide clues to the amount and timing of cash flows into and from the business. Indeed, growth can destroy value if it requires cash inputs in the early years of a project or enterprise that exceed the discounted value of the cash that those assets will generate in later years. Market commentators and investment managers who glibly refer to “growth” and “value” styles as contrasting approaches to investment are displaying their ignorance, not their sophistication. Growth is simply a component --usually a plus, sometimes a minus --in the value equation---Warren Buffet
Life can only be understood backwards—but it must be lived forwards
Joined: 01/Jan/2006
Location: India
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Posts: 18403
Posted: 06/Apr/2007 at 10:28pm
Market commentators and investment managers who glibly refer to “growth” and “value” styles as contrasting approaches to investment are displaying their ignorance, not their sophistication
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I wish all experts read this. generally it is a fashion amongst fund managers to call themselves value and their top holding could be Infosys but for someone to call himself a value investor is kind of sitting on a self created pedestal because an investor's delight is to see growth complementing value which in simple words means buying a stock at a PEG of significantly less then one - It is really as simple as that..
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
Joined: 01/Jan/2006
Location: India
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Posts: 18403
Posted: 06/Apr/2007 at 10:53pm
..........and the latest trend is to call that style GARP - Growth at reasonable price. It means the same old thing PEG significantly less then one but does sound sophisticated.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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