Wednesday, September 20, 2006
YES!!!
Whoops, general update was meant for my other blog.
Anyways, sometimes it feels good to be right. EXP reported today and on good news jumped over 10% in early trading. Good company and should continue the up trend.
Anyways, sometimes it feels good to be right. EXP reported today and on good news jumped over 10% in early trading. Good company and should continue the up trend.
Tuesday, September 19, 2006
BRILLIANT!!
Well, I'm too smart for my own good and tried out-think the market. Some say make your move and don't look back, but then how do you learn from your mistakes. I dropped RAI on the thinking that they had capped out for now, hoping to pick them back up at a lower price by now. Well, they've slowed down, but continue to go up. Yes, they raised their dividend which they have consistently done the past four years, but their P/E has expanded greatly over the past 6 months. I will get back in if they dip below 60.
I'm looking at WFMI again. They are below 60, but I will need to hear their next conference call before I jump on board, I have a feeling their growth is slowing.
I picked up EXP, not sure if it was a good move. They shot up this spring on increased earnings projections through end of '07. They split 3-1 and kept climbing. They have now given back all of their gains and are trading at a lowest P/E since their public inception. They have a hammer lock on the cement import business and should ride out a bad home building season much better then smaller competitors.
From this posting you may think that the only thing I care about is P/E ratio, wrong! Just so happens that it was an important idicator in these two instances.
I'm looking at WFMI again. They are below 60, but I will need to hear their next conference call before I jump on board, I have a feeling their growth is slowing.
I picked up EXP, not sure if it was a good move. They shot up this spring on increased earnings projections through end of '07. They split 3-1 and kept climbing. They have now given back all of their gains and are trading at a lowest P/E since their public inception. They have a hammer lock on the cement import business and should ride out a bad home building season much better then smaller competitors.
From this posting you may think that the only thing I care about is P/E ratio, wrong! Just so happens that it was an important idicator in these two instances.
