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Re: warrenbuffetjr post# 312

Saturday, 07/24/2010 1:13:02 AM

Saturday, July 24, 2010 1:13:02 AM

Post# of 4109
ALL ABOARD!!!!!!!

I think we are going to get an end of month PR (last was on the 30th). SHIP is sitting undervalued and I am a value investor.



Good, we got the PR I was expecting in that last post. I like where this is heading or I wouldn't have bought any! I like companies I can understand, this one is a no brainer! I know that's not so elegant but you know what I mean.

Now to the value! In aggregate, this company has solid earnings (not that it matters) and the management is superior---which does matter. Clean, operational ships will bring in money regardless. The rise in international demand is going to exceed even the most conservative estimates. I would like them to do more work with China because that is where the dollar lies (actually the yen-but who cares--- it's all CASH!).

It's somewhat humorous,but whenever I buy a position in a company the price rallys BIG TIME so that's just as good a reason as any to buy it! You know I hate technology, and this business model is about as clear and concise as it gets folks.

Conservatively speaking, look for this shining jewel to hit 3.12 / sh over the next three months. That's a nice return on any investment.

Happy Trading as always...

SHIP has earned my "Money Tree" rating!



HERETOFORE is my personal opinion-nothing more.
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