This is the third update on the stock price status of the first six Chasing Value companies. Closing prices are from July 5, 2007. I keep track of my recommendations and thought I would share the results as I do most everything else in my posts. Anyone considering my commentary should "do their homework" too, as James Cramer rants on his Mad Money TV show. These recommendations are all from the first quarter 2007.
February 16, 2007: Chasing value: Wells Fargo: Wells Fargo & Company (NYSE: WFC) closed at $35.32 down from $35.76: a loss of 1%.
February 23, 2007: Chasing value: Anadarko Petroleum - got it! Anadarko Petroleum Company (NYSE: APC) closed at $52.40 up from $40.84: A gain of 28.3%.
March 3, 2007: Chasing value: Aluminum Corporation of China ADS: Aluminim Corp. of China (ADS) (NYSE: ACH) closed at $46.16 up from $22.98: A gain of 101%
March 20, 2007: Chasing Value: Anglo American - Inflation hedge & more: Anglo American plc (NASDAQ: AAUK) closed at $30.98 up from $24.65: A gain of 25.68%
March 23, 2007 Chasing Value: Cemex and LaFarge look solid: CEMEX S.A. B de C.V. (ADR) (NYSE: CX) closed at $37.38 up from $34.92: A gain of 7%. LaFarge (ADS) (NYSE: LR) closed at $45.56 from $39.02: A gain of 16.76%.
Some day I will have to eat humble pie, but not today. As you can see, 5 of the 6 stocks are up and beat the market indices and most funds, individually and collectively, by a very large margin, and I have not included the dividends.
Those of you who are new to BloggingStocks can check out my other stories and read Chasing Value or Serious Money to find more potential opportunities and verify my track record as well.
Disclosure: I own APC, ACH and CX in several portfolios.
Sheldon Liber is the CEO of a small private investment company and the vice president for design and research at an architecture & planning firm. Check out his other posts for BloggingStocks here.
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Reader Comments (Page 1 of 1)
7-07-2007 @ 5:02PM
Sam said...
Why do you consider CX, LR value stocks ? They are growth plays.
7-08-2007 @ 2:00AM
Sheldon L said...
Sam,
When I first mentioned them LR and CX had low P/S, low P/B and dividends to name a few value metrics. The fact that they have growth potential is why they are of value to me. No stock is worth anything without the possibility to grow. A pure growth play is Google or Apple.