7 thoughts on "Skaffold's True Blue Aussies (5/3/2013)"
Hi Roger
Enjoyed your insights as always. I thought you were being a little harsh grouping MND with BHP and ORG. MND’s report only suffered due to 2014 outlook, but this is from a company that historically under-promises and over-delivers. I suppose the proof will be what they say in the next reporting season or 2, or if they come out with more contracts.
I think RIO also reported poorly.
Cheers Jim
Hi Roger,
Nice article and totally agree. The question I have is how do you judge when a good run on the share price has exceeded the intrinsic value of the company and it is time to sell, take a profit and sit back and wait for the inevitable correction before re-investing?
For example the 4 companies you mention from skaffold:
CSL : safety -37%, share price $59.90, 3 year value price $51.78
SEK : safety -38%, share price $10.25, 3 year value price $9.34
TRS : safety -38%, share price $17.33, 3 year value price $16.81
CCP : safety -23%, share price $9.80, 3 year value price $8.97
They would appear to be not good value to buy but are they good value to sell?
Simon
There are many different approaches you could adopt. The option you select is often less important than the consistency with which it is applied.
Thanks, I think (though the reply does remind me of the British TV show Yes Minister)
My job is done then?
Hi Roger,
Great video insight again this week. I have heard you many times comment on The Reject Shop being such an extraordinary business. But I was wondering, from late 2011 to June last year the share price fell from around $18 down to $10. Was there a plausible reason for this?
Thanks,
Peter
Short term ye. Long term no. The market often treats that which is temporary as permanent.
Hi Roger
Enjoyed your insights as always. I thought you were being a little harsh grouping MND with BHP and ORG. MND’s report only suffered due to 2014 outlook, but this is from a company that historically under-promises and over-delivers. I suppose the proof will be what they say in the next reporting season or 2, or if they come out with more contracts.
I think RIO also reported poorly.
Cheers Jim
Hi Roger,
Nice article and totally agree. The question I have is how do you judge when a good run on the share price has exceeded the intrinsic value of the company and it is time to sell, take a profit and sit back and wait for the inevitable correction before re-investing?
For example the 4 companies you mention from skaffold:
CSL : safety -37%, share price $59.90, 3 year value price $51.78
SEK : safety -38%, share price $10.25, 3 year value price $9.34
TRS : safety -38%, share price $17.33, 3 year value price $16.81
CCP : safety -23%, share price $9.80, 3 year value price $8.97
They would appear to be not good value to buy but are they good value to sell?
Simon
There are many different approaches you could adopt. The option you select is often less important than the consistency with which it is applied.
Thanks, I think (though the reply does remind me of the British TV show Yes Minister)
My job is done then?
Hi Roger,
Great video insight again this week. I have heard you many times comment on The Reject Shop being such an extraordinary business. But I was wondering, from late 2011 to June last year the share price fell from around $18 down to $10. Was there a plausible reason for this?
Thanks,
Peter
Short term ye. Long term no. The market often treats that which is temporary as permanent.