Dear Diary,
You know you are a Value Investor when you get excited in a bear market, like we are experiencing now!
The DOW is down over 20 % since last June, and I'm lovin' it.
I bought up some Coach, Inc. (COH) yesterday at $29 and change, plus a minimal brokerage fee.
American Eagle Outfitters (AEO) is getting hammered down to $13 per share, due to the loss of top executives that resulted from a 9% loss in sales last quarter. This could be serious, but I think the brand is powerful enough to handle the upset. This is the kind of situation that made Mr. Buffett rich. It appears to me to be a natural downturn in the business between cycles during a recession, and the executives are just reacting to personal embarrassment, as they interpret it.
Croc.'s Inc. (CROX) continues downward to a p/e ratio of 5.3 or $7.50 a share, I read. I'll buy more of this to bring my average buy price below $10 per share.
Later,
Gene Chapman
skip to main |
skip to sidebar
2005, In Front of IRS Building, Washington, D.C.
Diary of a Business Investor
Gene Chapman
2005, In Front of IRS Building, Washington, D.C.
About Me
- Gene Chapman, Author
- P. O. Box 295545, Lewisville, Texas 75029
- MahatmaGandhiGlobalLibrary.blogspot.com or LibertarianGlobalLibrary.blogspot.com gkchapman2012@hotmail.com "Creating World Peace One Word at a Time" And for those who wish, you are invited to participate in funding all aspects of and in the building of a physical library building within walking distance of both the White House and the U. S. Capitol Building in Washington, D. C., as a voice of nonviolence and a safe harbor for Gandhian intellectuals in this epicenter of political violence on earth.