No. of Recommendations: 8
what are your thoughts regarding the up to now most steady and reliable supposedly "cheap" earners in my little list, VZ, PYPL, WRB and MKL?
I don't have a lot of firms I have strong opinions about.
So, just off the cuff:
Paypal has long been a very impressive business franchise, though the stock market never seems to have loved them.
I don't have a clear view of what their future trajectory will be, so I can't really comment.
I gave up on Markel a while back when they seem to have lost the plot on some very bad capital allocation decisions. A massive loss from selling equities during a panic: realizing the loss then skipping the rebound.
I'm not fond of the business of Verizon. Moving bits from one place to another is too much of what they do, and that's not a great business.
There's a price for everything, so maybe they're a great investment, but it's not a sector I spend time hunting in.
I've never studied WRB, despite all the great things people say about them.
I'll tell you a couple of companies I'd buy in a flash if their prices dipped enough to make them two foot hurdles, which never seems to happen.
Ain't it a shame that Ferraris never seem to be on sale?
Both with Canadian headquarters, purely by coincidence. ATD.TO (convenience stores and gas stations, international) and DOL.TO (dollar stores in Canada)
I would have been much better off simply buying a lot of shares of each one when I first decided I liked the business, but I'm cheap, and waited.
I did own ATD, but then made the second rookie mistake: I sold when the price looked rich again.
(actually it doesn't look too bad right now...hmm...)
Jim
