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StockCentral :: Community
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Join in on the discussion with other like-minded investors in our community forums. Learn about the fundamental investing methodology and participate in educational workshops in the Investing forums, stay up-to-date on StockCentral news and make suggestions to the StockCentral team in Central Square, and discuss your favorite stock or recent market news in our A-Z ticker-based forums.
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Mark Robertson
Rochester Hills, Michigan
www.manifestinvesting.com
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| 06/20/2007 4:25 PM |
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Congratulations to Danny Matthews for assuming the lead in the StockCentral 5 -- and for generating a rate of return that tops the total stock market index. It's about time that one of us DID. Enjoy the view from the top of the leaderboard:
Rate of Return Results (6/20/2007)
Danny Matthews..... 20.6%
VTSMX Benchmark ..... 20.1%
Ralph Seger .............. 14.4%
Mark Robertson ....... 11.2%
Doug Gerlach .......... 7.8%
Ellis Traub ............... 7.6%
Much like Street Sense, I'm tired of hugging the rail and it's time to make a move.
During an "audit" of AIG yesterday, I decided that the projected average P/E needed to be closer to 14x and hence, the PAR dropped to 13% or so in my personal studies. AIG is still feeling the after-effects of getting "Spitzered" and I don't have time to wait in this one-year contest ... so I went shopping for stocks with decent money flow momentum.
After crunching through a few stocks, I settled on Apollo Investment Group (AINV) -- an asset management firm. At a PAR of 16-17% and leadership money flow (blame the private equity foaming-at-the-mouth crowd), I decided to join the party in a small way. This is far from typical behavior for me but there's less than seven months left in the contest and I'm essentially seeing if I can shake things up with a little momentum.
A modified SSG can be viewed at: http://www.manifestinvesting.com/auth/boards/topic_show.pl?pid=7152#pid7152 by MANIFEST subscribers or active trial accounts.
Mark Robertson
http://www.manifestinvesting.com |
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Danny Matthews
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| 06/21/2007 11:59 AM |
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Enjoy the view from the top of the leaderboard:
Thanks Mark, I hope my picks don't give me vertigo! BAC and PAYX are laggards for the first half so I'm going to let the dividends build my positions there in the meantime. Otherwise I'll see how the "summer swoon" affects results.
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Danny Matthews
Tuscola IL |
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Danny Matthews
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| 06/21/2007 12:09 PM |
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| Mark are you concerned about the discussion of higher taxes for these type businesses, or does that apply here? |
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Danny Matthews
Tuscola IL |
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Mark Robertson
Rochester Hills, Michigan
www.manifestinvesting.com
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| 06/21/2007 3:57 PM |
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I'm not too concerned about the tax legislation with regard to impact on Apollo Investment, but maybe I should have picked Canadian-based Brookfield instead.
I'd have at least benefited from a Cramer bump and I have some personal experience in the areas of concentration at Brookfield Asset Management (BAM).
See: http://seekingalpha.com/article/39084
Mark Robertson
http://www.manifestinvesting.com |
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