Thanks Phaedrus
Printable View
Thanks Phaedrus
Longtack the Speirs reference was for Belg, we have a bit of history on that thread...but to your point, Warren Buffett used to make a living from picking stocks undervalued by the market. He used to say that although in the short term the market is a voting machine as when only one person gets a share, in the long term it is a weighing machine when stocks get reweighed up or down. WHS has been both ways now and I am wondering where it goes next and when. Techies may have a view that I would be keen to here.Quote:
quote:Originally posted by Longtack
k1w1 Posted - 17/12/2004 : 6:24:49 PM
--------------------------------------------------------------------------------
Fundies see shares as part ownership of a business. If as you say the business is solid then it would follow that a shar ie part ownership of a solid business could also reasonably be described as "solid".
That is completely different from share price ie what Mr Market is prepared to pay for it on any day. Solid shares do not always have solid share prices. The art is to pick the value discrepancies.
On that point I would be interested in your views on Speirs Finance which traded today at $1.20.
Well I had to laugh when I read that again K1W1.
If one (techie) picks solely undervalued companies and the rest of the mkt (Mr Market) doesn't recognise this what happens to the sp? DOH!!!! [xx(] Nah - it doesn't work for me like that. It's all about what the market does , rather than what we think it should do.
If I go any further then I'd have to drag Cap' into this to talk about reality, perception, desire and hope.[:p]:)
Thanks for inviting me to respond about the Speirs thingie. There are several far more knowledgable people here who understand T.A. and I'd like to see their views on WHS. I appreciate the the value of F.A. but I'm too impatient to buy & hold long term.
Thanks K1w1 - I knew there was more to you than that.;) Wazza B is nearly 80 I guess and he still has more patience than me.
The WHS is still expensive on the fundamentals, according to P the medium term technicals are weak and on top of that I've done my own bit of Macdunking which leves me even colder on the longer term profitability of the NZ ops on this one (check out a big non-WHS development in Licoln Rd...), let alone the mess in Oz. It really escapes me why some punters are keen on this one - as if being burnt at 5.50, then 5, then 4.50 and lately $4 wasn't enough!!!
THE KING says Please dont think about shorting these stocks all the eyes of NZ are now looking at them think more of a BUY chance not seen for a long time its always harder to BUY when stocks are DOWN..
Every victom that SELL is looseing vast amounts of money just so you can pick UP..[^][^][^]
U talk rubbish. That's what was said when the victims were selling out of the dot-com stocks.:D:DQuote:
quote:Originally posted by THE KING
THE KING says Please dont think about shorting these stocks all the eyes of NZ are now looking at them think more of a BUY chance not seen for a long time its always harder to BUY when stocks are DOWN..
Every victom that SELL is looseing vast amounts of money just so you can pick UP..[^][^][^]
THE KING says if you cant tell a dot.com from a WAREHOUSE you need GLASSES... [^][^][^]
I too think WHS is an opportunity, but not just yet. Timing is everything. Maybe when interest rates starts to fall again or when they quit Aussie is the time. WHS is still trading at a high P/E with possible further downgrades.
THE KING Posted - 18/12/2004 : 3:40:48 PM
--------------------------------------------------------------------------------
THE KING says if you cant tell a dot.com from a WAREHOUSE you need GLASSES...
preferably Warehouse ones - for $12.99 [:p]
No mate - $6.50 next week ... 50% off (most things) to give sales a boostQuote:
quote:Originally posted by Longtack
THE KING Posted - 18/12/2004 : 3:40:48 PM
--------------------------------------------------------------------------------
THE KING says if you cant tell a dot.com from a WAREHOUSE you need GLASSES...
preferably Warehouse ones - for $12.99 [:p]
Wonder what the 'bargains' on Boxing Day will be like ... MUST BE MORE DISCOUNT TO GIVE AWAY .... AND HEAPS AND HEAPS AND HEAPS OF SURPLUS STOCK TO SELL BELOW COST