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lisg

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lisg

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Re: lentinman post# 277

Friday, 01/18/2008 12:22:50 PM

Friday, January 18, 2008 12:22:50 PM

Post# of 785
My first entry into a PSL contest. Been a lurker of the VMC board and would like to get involved. Here's my response to the Nsomniyak challenge. Caveat Emptor...

AACC: Don't own it. It's a play on the collections industry. It keeps going down, so possibly not at a bottom. Maybe they paid too much for the current portfolios.

PEC: Don't own it. They are electric powerline installation and repair contractors. Its a play on an earnings pop. Ice storm in Oklahoma a few weeks ago and supposedly these guys were seen everywhere.

POOL: Don't own it. Beaten down housing play. Value investor newsletter I read once liked a lot of things about this company at much higher prices. Maybe it starts heading in the right direction in the Spring.

SNS: Currently, my largest position. Unfortunately, that is changing fast and not because I have been selling. Two potential catalysts to unlock value. One catalyst is they recently hired Merril Lynch as a strategic adviser. The optimist in me is hoping for a buyout. Second catalyst is an active investor trying to get two seats on the board. I expect some action in this stock in the next couple weeks. Annual meeting and board of director election should be in February. Here's the case for value: http://www.fool.com/investing/general/2007/12/27/a-special-situation-at-steak-n-shake.aspx and here's the active investor, Sardar Biglari, at work www.enhancesteakandshake.com

STRZ: Don't own it. Followed value investor Paul Sonkin to this idea. CEO keeps buying on the open market. I think he now owns over 50%. Brutal market, but this one jumps pretty quick and might deliver a few %.

Note, I would have picked one stock (SNS) for the contest, but the rules require at least five selections. Good luck and let me know if there are any questions.

-Lisg
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