Wednesday, January 18, 2006
MAM and TST
Down about $3,500 today. YHOO did move higher at the open this morning, but then failed to maintain the momentum. I think I'll hold this one for a few days and see what happens. I started two new longer-term positions: MAM and TST. MAM is a boring utility play, but it's trading well below tangible book and should show a healthy increase in earnings in 2006. TST is more speculative. It's a Chinese company (big minus) but it has a healthy balance sheet (big plus) and should post significantly higher revenues and earnings in 2006 (even bigger plus).
# posted by Stockcoach @ 7:34 PM 
Comments:
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Are you not concerned by the debt that MAM carries? About 94 cents of every dollar of MAM is debt.
In your evaluation, how much debt is too much?
In your evaluation, how much debt is too much?
# posted by 
: 8:01 PM, January 18, 2006
: 8:01 PM, January 18, 2006
MAM's debt is a legitimate concern. However, most utilities have a fair amout of debt, so it's nothing out of the ordinary. I would generally avoid stocks with debt equity ratios over 150 percent, unless there is a huge amout of liquid assets to cover the debt.
Do you still have that YHOO .... ouch! Seems out of character with the rest of your portfolio, YHOO is hardly a value stock.
# posted by : 8:18 PM, January 19, 2006
: 8:18 PM, January 19, 2006
Do you still have that YHOO? Seems out of character with the rest of your portfolio, YHOO is hardly a value stock.
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# posted by : 8:19 PM, January 19, 2006
: 8:19 PM, January 19, 2006 << Home
