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austinhippie (81.11)

May 2008

Recs

1

Recent sells and new buys

May 18, 2008 – Comments (0) | RELATED TICKERS: MWA , DAVE

Well, I invested in ACAS, AINV, BAC, BWLD,CROX, PNRA, MIDD,MVC,LOOP, MVC, WLT, MWA/B, PRAA. I recently sold ACAS, AINV, BAC, CROX, PNRA and WLT. And frankly I am just waiting for the dividend to pay out and give it a couple days before exiting from MWA/B at a substantial loss. But I can put those funds into a couple of other opportunities that are likely to do profoundly better than MWA. MWA is in a market niche where it will eventually do well, but I have a hard and fast rule about companies with PE ratios in excess of 50. Most companies that I buy have PEs less than 10 and for agressive growth I am willing to go up to close to 20, but that is it. I have just opened positions in DAVE and HANS and added to MIDD. I am wanting to add to my holdings in DAVE and PRAA. They both look great, with DAVE being a little higher on my list.  [more]

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