Comments on: But What Would Jimmy Buffett Say? http://www.rjkoehler.com/2007/10/26/but-what-would-jimmy-buffett-say/ Korea... in Blog Format Sun, 12 Oct 2008 13:14:30 +0000 http://wordpress.org/?v=2.6.2 By: WangKon936 http://www.rjkoehler.com/2007/10/26/but-what-would-jimmy-buffett-say/#comment-115672 WangKon936 Mon, 29 Oct 2007 16:33:47 +0000 http://www.rjkoehler.com/2007/10/26/but-what-would-jimmy-buffett-say/#comment-115672 "profit sharing" I meant "profit taking"... :P “profit sharing” I meant “profit taking”… :P

]]> By: WangKon936 http://www.rjkoehler.com/2007/10/26/but-what-would-jimmy-buffett-say/#comment-115671 WangKon936 Mon, 29 Oct 2007 16:32:05 +0000 http://www.rjkoehler.com/2007/10/26/but-what-would-jimmy-buffett-say/#comment-115671 Anyways. It doesn't take a genius to see that POSCO was an absolute bargin. When I put money into it, it was trading at less than 4x EBITDA and its net income was 6x a share. Its competitors (Nippon Steel, Arcelor and US Steel) don't have the profit and growth history that POSCO has, which are pretty stellar. 18 months ago, we'd call POSCO a "value" stock. However, at this time it is a "growth" stock as it's pretty much hit all the value as the price has gone up faster then its earnings per share. It is now trading at 16x p/e, where the industry average is around 15x p/e. It may be valued at 18x p/e given that it's probably the company that the super rich Indian/English dude at Arcelor Mittal (the world's largest steel company) covents the most. If you want it put money into POSCO, don't expect a quick return like I got in 11 months, expect a long term hold, 3 to 5 years. It's at $180 today. Don't be suprised if it dips to $160 or less on profit sharing, etc. in the near term. Anyways. It doesn’t take a genius to see that POSCO was an absolute bargin. When I put money into it, it was trading at less than 4x EBITDA and its net income was 6x a share. Its competitors (Nippon Steel, Arcelor and US Steel) don’t have the profit and growth history that POSCO has, which are pretty stellar.

18 months ago, we’d call POSCO a “value” stock. However, at this time it is a “growth” stock as it’s pretty much hit all the value as the price has gone up faster then its earnings per share. It is now trading at 16x p/e, where the industry average is around 15x p/e. It may be valued at 18x p/e given that it’s probably the company that the super rich Indian/English dude at Arcelor Mittal (the world’s largest steel company) covents the most.

If you want it put money into POSCO, don’t expect a quick return like I got in 11 months, expect a long term hold, 3 to 5 years. It’s at $180 today. Don’t be suprised if it dips to $160 or less on profit sharing, etc. in the near term.

]]> By: WangKon936 http://www.rjkoehler.com/2007/10/26/but-what-would-jimmy-buffett-say/#comment-115669 WangKon936 Mon, 29 Oct 2007 16:11:34 +0000 http://www.rjkoehler.com/2007/10/26/but-what-would-jimmy-buffett-say/#comment-115669 I bought Posco at $43 almost two years ago and sold at $65 11 months later. Should of kept it... I bought Posco at $43 almost two years ago and sold at $65 11 months later. Should of kept it…

]]> By: boshintang http://www.rjkoehler.com/2007/10/26/but-what-would-jimmy-buffett-say/#comment-115539 boshintang Sun, 28 Oct 2007 15:48:08 +0000 http://www.rjkoehler.com/2007/10/26/but-what-would-jimmy-buffett-say/#comment-115539 Careful: Buffett said Korea would be a good place to invest in for the next 10 years, but not the next 10 weeks or 10 months. So over the long-term, follow Buffet's advice, but I'm looking for short-term explosive growth. Short-term growth is in China (but not long-term growth, which is why Buffett doesn't own a SINGLE Chinese stock, and compares China to the overrated dot.com bubble of 2000). On another note, had Warren Buffet arrived a week earlier, I would be a much richer man right now, and I'd buy you a beer, Koehler. I cut my losses and sold all my posco shares just before he praised posco, sending the price soaring :-( Careful: Buffett said Korea would be a good place to invest in for the next 10 years, but not the next 10 weeks or 10 months. So over the long-term, follow Buffet’s advice, but I’m looking for short-term explosive growth. Short-term growth is in China (but not long-term growth, which is why Buffett doesn’t own a SINGLE Chinese stock, and compares China to the overrated dot.com bubble of 2000).

On another note, had Warren Buffet arrived a week earlier, I would be a much richer man right now, and I’d buy you a beer, Koehler. I cut my losses and sold all my posco shares just before he praised posco, sending the price soaring :-(

]]> By: seouldout http://www.rjkoehler.com/2007/10/26/but-what-would-jimmy-buffett-say/#comment-115231 seouldout Fri, 26 Oct 2007 14:20:27 +0000 http://www.rjkoehler.com/2007/10/26/but-what-would-jimmy-buffett-say/#comment-115231 Jimmy would be hangin' out w/ the free-spending lawmakers in Daejun. And <i>Let's Get Drunk and Screw</i> would be playing on the <i>karaoke</i> machine. Jimmy would be hangin’ out w/ the free-spending lawmakers in Daejun. And Let’s Get Drunk and Screw would be playing on the karaoke machine.

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