STEALS in the Market right now! (Thread)
(Senior Monkey, 70
Points)
on 8/12/11 at 5:37pm
With all this chaos going on in the Stock Market, I wanted to start a thread about what everyone is investing in and what stocks they think is a steal. I'm personally optimistic about this particular stock which I think is a great one for the next few months:
(SLB) Schlumberger Ltcd.
"Go as far as you can see, when you get there, you will be able to see further" - J.P. Morgan





The true steals were in
The true steals were in Europe and they all disappeared on Thursday. Max fear in the initial crash set in on Wednesday. If this turns out to be a correction, expect a bounce. Otherwise, expect some settling with lower vol.
A number of pipelines MLPs look cheap, but not ridiculously cheap. 7% dividend yields in a fairly boring non-cyclical ain't bad. 12% like we saw in 2008 would be better.
A number of Office and Healthcare REITS look priced for a mild recession followed by 5-10 years of economic gloom. I rate them a little cheaper than fairly priced.
Telecom has taken an undeserved hit. Investors think cell phone plans are a fad that people dump when they're feeling poor. Starving Egyptian protesters will tell you differently.
There are some fair prices in consumer staples. You can do worse than 3.5-4% dividend yields when treasuries are paying 2% minus inflation.
European oil majors look fairly cheap, but only if you believe we're going to stay above $75-80/barrel oil. Keep in mind that during the last recession, we got down as low as $35/barrel and spent a long time below $60.
Work hard, play hard.
IlliniProgrammer wrote: The
The true steals were in Europe and they all disappeared on Thursday. Max fear in the initial crash set in on Wednesday. If this turns out to be a correction, expect a bounce. Otherwise, expect some settling with lower vol.
A number of pipelines MLPs look cheap, but not ridiculously cheap. 7% dividend yields in a fairly boring non-cyclical ain't bad. 12% like we saw in 2008 would be better.
A number of Office and Healthcare REITS look priced for a mild recession followed by 5-10 years of economic gloom. I rate them a little cheaper than fairly priced.
Telecom has taken an undeserved hit. Investors think cell phone plans are a fad that people dump when they're feeling poor. Starving Egyptian protesters will tell you differently.
There are some fair prices in consumer staples. You can do worse than 3.5-4% dividend yields when treasuries are paying 2% minus inflation.
European oil majors look fairly cheap, but only if you believe we're going to stay above $75-80/barrel oil. Keep in mind that during the last recession, we got down as low as $35/barrel and spent a long time below $60.
Thanks for your input, do you have any specific picks you recommend buying?
"Go as far as you can see, when you get there, you will be able to see further" - J.P. Morgan
Yes. :D Unfortunately,
Yes. :D
Unfortunately, company policy prevents me from recommending specific securities on online forums. Next time we have a meetup and we are all sitting down over a beer, we can talk about my stock/ADR picks. Until then, all I can give you are general industries to look in. Often there are several good deals; just comb over prices, earnings data, and 10Ks/Qs, and you'll develop a view.
Work hard, play hard.
RIMM
RIMM
Don't tell him. He's trying
Don't tell him. He's trying to cheat and win the WSO stock market game and become the biggest swinging dick on the forum.
I definitely wouldn't bet on
I definitely wouldn't bet on RIMM.
I know some industrials got hit pretty hard. For instance, CAT probably isn't a $90 stock. Probably more like $110ish range.
Walter Energy (WLT) got raped the past 2 weeks over really bad earnings & the market turndown. They went from 130 to 80. They're still a really solid company & a lot of people think they are a possible takeover target.
A lot of financials are pretty cheap right now, but I feel as if investing in that sector is just asking for trouble unless you really know what's going on. For instance, BAC seems like a really good longterm buy ATM, but no one really knows what their true book value is.
Also, I don't think west texas crude is going to be able to stay in the 80-85 range for too long.. it will probably go up as the market gets back on its feet.
GTIV is a $25 stock. It will
GTIV is a $25 stock. It will take a couple of years to get back there but it will. It has been crushed by legislation changes and threats of litigation but at the end of the day, the boomers will get old and they are positioned to reap the benefits.
I can't believe I just divulged that. Fuck it, none of you will do shit anyway.
major steals: FAZ DXD SPXU
major steals:
FAZ
DXD
SPXU
Jose.Rey wrote: GTIV is a $25
GTIV is a $25 stock. It will take a couple of years to get back there but it will. It has been crushed by legislation changes and threats of litigation but at the end of the day, the boomers will get old and they are positioned to reap the benefits.
I can't believe I just divulged that. Fuck it, none of you will do shit anyway.
I'd SB you if I had one.
HarvardOrBust
RIMM
What's good WSO?
HarvardOrBust
RIMM
What's good WSO?
Credit given where credit's due. +1
I'll also give this a shot:
I'll also give this a shot: Long YHOO, Short C.
"I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine."
I say it's pointless to even
I say it's pointless to even stock picks right now. A lot of the pricing has to do with macroeconomic risk these days. Correlation between asset classes are at a very high level. Don't be fooled by this week's rally with much, much lower volume - these are just blind hopes that Big Ben will come to the rescue with some more fresh money pumping. The more telling story comes from the credit markets, which are getting slaughtered by the day.
For now, I won't even touch equities until the S&P drops below 1000, at which the Fed will come to the rescue. In the meantime, I would be very long commodities and gold.
rothyman wrote: Walter Energy
Walter Energy (WLT) got raped the past 2 weeks over really bad earnings & the market turndown. They went from 130 to 80. They're still a really solid company & a lot of people think they are a possible takeover target.
Great call...