This Week's Activity – November 23, 2013:
This week, the Dow Jones 30 hit a new all time
high of 16,068 as did the S&P 500 at 1,805. Other world wide indices were
mixed. Here is a good article that summarizes this week’s activities: http://www.marketwatch.com/story/dow-retreats-after-record-close-as-intel-sinks-2013-11-22?siteid=yhoof2
I still think the markets are overpriced. But, I will keep looking for good values.
Warren Buffett is possibly the world’s most
famous “value investor”. I am also a
value investor. Warren and I both look
for companies that have strong underlying value but whose stock prices are
temporarily under priced. But, Warren
has an advantage over me because many of these companies actually CALL Warren
and ASK him to buy $1 Billion or more their preferred dividend paying stock
(often paying him a 10% dividend) and often throw in a “buyer’s” bonus of stock
warrants that will allow Warren to buy EVEN MORE of their stock in the future
at a price similar to the current depressed stock price that he is paying. Read about examples of these sweet “Warren
As you can see, sometimes Warren
One of these companies is Excelon (EXC) a
diversified utility company serving Chicago , Baltimore and Philadelphia
Not as good a deal as Warren
See the Yahoo Profile for EXC at http://finance.yahoo.com/q/pr?s=EXC+Profile
See the Yahoo 10 year chart for EXC at http://finance.yahoo.com/echarts?s=EXC+Interactive#symbol=exc;range=20010212,20131121;compare=;indicator=bollinger+ema(50,100)+volume;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
StockEvaluator “Short List”
Stocks on the ‘Short List’ have Current Price
<5% above 52 week low and have <5 Red cells in Stock Evaluator.xls. Stocks on the list this week are: BFK, TKPPY, RCII, DSU, PTGI
Stock Evaluator “Volatility Sort”
Stocks on the ‘Volatility Sort’ have Current
Price <5% above 52 week low, Volatility >3%, Profit>0%, <6 Red
cells in Stock Evaluator.xls. Stock on
the list this week is: PTGI
MutualFundEvaluator “Short List” shows funds that are within 3% of
their 52 week low AND have less than 3 Red cells. This week’s list has 35 funds. All except 1 are Bond funds, which are all
still 3 to 5% above their lows from 2006 to 2008 before The FED dropped
interest rates to bring the U.S.
Here is the 10 year chart for PRGMX that shows
these price ranges:
Watching the interest rate on 10 year treasury
notes gives another hint of when these bond fund prices will get back to
normal. As this interest rate comes back
up, the prices of these bond mutual funds will go down. The interest rate on 10 year treasury notes
closed this week at 2.75%, up from 2012 low of 1.50%, but way below 2006 - 2007
highs of 5.2%. My minimum target for 10
year interest rates is 3.5% before I will be ready to buy back into bond mutual
funds.
Here is a chart showing interest rates over
the past 13 years for 10 year treasury notes:
Next Monthly Meeting 2nd Tuesday of every Month:
Tuesday, December 10, 2013 , 7:30 PM at my
house.
Here are my Stock BUYs for This Week:
Buy Company Buy
Date Bought Price
Target Sell
----- --------- ----- ------------
none
Here are my Stock SELLs for This Week:
Sell Company Sell Buy
Buy
Date
Sold
Price Price Date
----- --------- ------- ------- ------------
none
Here are my Option (CALL or PUT) Sells for Last Week:
I only do Covered CALLs or Cash Secured PUTs
Option
Sell Stock
Strike Expiration Option
Type
Date Symbol Price Date
Price
------
------ -------- ------ ---------- --------
PUT
11/21 EXC $27
July 2014 $1.80
StockEvaluator and Mutual FundEvaluator spreadsheets are available
for download at www.ultimatestockfinder.com
Please remember to send me any other
investing ideas, information or questions that you want to share with the group.
Thanks,
John D.
Disclosure: The author has no positions in any of the
stocks or mutual funds mentioned in this article unless clearly stated above. We
certify that except as cited herein, this is our work product. We received no
compensation or other inducement from any party to produce this article. Please see our full legal disclaimer at: http://www.ultimatestockfinder.com/stockevaluator_disclaimer.html
______________________________________________
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