My Picks for the Week
SLI – This may try 2.0 this week. I was so impressed with what the SLI Management are up to with SLI. Being an SLI-investor myself, I took the courage to ask the Owner last Friday night as to what the company’s projects are and I am impressed with the Big Projects they have for 2010 up to 2012. Their internally generated income plus additional capital from banks will be use to finance those Big Projects that would deliver additional recurring income for SLI in the years to come.
But that’s not all that I asked. I asked the one thing that is most important to me, the Book Value to justify at least SLI’s recent Price ascent in the absence of succulent fundamentals. I am so happy to hear the Assets that SLI have and where they are located. In my raw computation, it should be more than 1.50 per share Book Value but the Top Aide of the owner wouldn’t agree. He thinks it more than my raw valuation.
So there it is. If BV =1.50, SLI should be given a premium for that how about 2.50?
If you say more, maybe you have an SLI and the Jockey and I couldn’t agree more!
MIC – would be one of the exciting stocks this year like SLI. Why? Let’s just say things will unfold at the right time and for the right reasons. Pass the MIC hehehe.
RFM, SFI, BEL, LPZ – Momentum Continuation. Blue Chips will not be in competition with this stocks on Monday because the DOW closed -6.0 last Friday.
ORE – it had completed more than it 50% retracement from 3.25 to 3.0. Last Friday, it had a false start. Either this Monday or Tuesday, ORE will rev up. Don’t be too concerned about what your read in the papers lately.
VUL and APO – If AT will continue to go up, it will rub off its momentum to VUL and APO. VUL may breach 0.85 if AT goes up.
Properties took a breather last Friday. It would be good to Buyback FLI below 1.10
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