OK. Currently, my biggest long term holding is IFN long. I've got a killer p/e too- Except mine is real. IFN also includes built in diversification, with a two digit div to boot. Race ya...
IFN is at $45.17. Low for the day at $43.50, and high at $45.25. Was the fact it's the type of stock you have a lot of fun with a factor in your investment choice?
Actually, I don't daytrade that one. India is just <b>dirt cheap</b> at the moment. Check out the numbers for yourself. One note of caution: IFN carries a lofty premium over NAV- about 25%. Eventually, someone will inevitably increase the supply of U.S. traded Indian shares by dumping more Indian stock on the U.S. ETF market. That will shrink the premium a bit, but I'm not worried- it's still a bargain. Still, buying the BSESN in Rupees would be the more solid play here, for you global financier types.
Received the following e-mail from my uncle about DRL, FBP, etc., comments concerning briefing: PR on the mend. by: greevenous Long-Term Sentiment: Strong Buy 06/29/06 12:29 am Msg: 50372 of 50417 From Briefing today: Think Equity comments that Puerto Rican govt. ended the stalemate over the budget deficit by passing a 5.5% sales tax effective immediately. Firm believes these are positive steps that will lift some of the clouds over the Puerto Rico banks as they struggle with accounting issues, flat and inverted yield curves, and a softer economic backdrop. Firm notes SEC seminar should reinvigorate the mortgage loan business in Puerto Rico and believe the mortgage business will rebound strongly over time. Firm believes the worst may be over for both the economy and the individual accounting issues. Firm expects DRL to complete its 10K for December 2005 followed soon thereafter by the 1H06 results. They think FBP is in the midst of completing its restatements and should post them, RFG is completing its restatements, and they think will report end of summer. They believe WHI and DRL are near to concluding their disputed $1.05 bln in loan sales transactions, enabling DRL to complete its March and June, 2006 10Q reports. They will begin to see the restoration at the banks of Puerto Rico and possibly consolidation activity.
I know it doesn't matter, but if you're already keeping track: You're not using a fair method of determining our entry prices. Think about it...
Actually, you are right. The common denomitor was that I took the price of each at the time you first recommended for or against on this DRL thread (DRL before the opening you recommended against, and IFN midday you recommended for.). From my perspective it was relevant at the time you mentioned them, from your perspective it was relevant from the time you acted. I think I will buy a bit of IFN as well, and you will know I would like for both to win.