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Re: Homelands post# 3

Saturday, 08/28/2010 12:02:43 AM

Saturday, August 28, 2010 12:02:43 AM

Post# of 65

This can never break 40... Give me a reason why I should hold and not sell the next time this hits 40...

I don’t focus unduly on the day-to-day trading. I think CUB is a good holding because the valuation is reasonable, the company is the world leader in mass transit, and mass transit is a major beneficiary of The Global Demographic Tailwind. (See, for instance, the story in #msg-53690679.)

Moreover, the company’s executive officers are very old, which suggests that they might be inclined to sell the company to some conglomerate at a nice premium.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
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