Welcome 2007!
Enviado: 9/1/2007 1:33http://filipevasconcelos.blogspot.com/
New year, new investments!
Let's have a look to a summary of my advices last year:
-14th September - buy Deutsche Telekom at 11,67€ and France Telecom at 17,44€
I said and I keep saying that Deutsche Telekom should be trading around 30€ and France Telecom at 46€. I expect this market distortion to be corrected, next 2-3 years.
I keep my very positive opinion about BBVA and BCP. For bank lovers, these are my choices! :-)
This year, if you ask me what to buy, I maintain my opinion ->> telecoms, specially Deutsche Telekom and France Telecom.
I studied another two spanish companies that are trading at very low levels:
Baron de Ley: 2nd biggest wine company of Spain, with a great management, trading at cheap levels of PE=14,6 and EV/EBITDA=7,7.
Focused in aged wines (Crianza and Reserva), Crianza is 62% of their sales, Reserva is 27% of their sales. As a little detail, Ratzinger Pope, was served with a special Reserva from Baron de Ley last time he was in Spain (in 2006).
I really like the way management uses anual profits ->> share buyback. It's great in terms of fiscal policy to all shareholders. So don't get bored if you don't receive any dividend. Management will buyback 5% of the shares available in the market. You will increase your company stake by 5% without paying any comission or taxes.
Service Point Solutions: Document management and Digital Reprographics. My opinion about this company is very simple. The turnaround is taking place. Net profit jumped 400% last year and technically speaking, we've already seen the bottom. Maybe that's why UBS increased his stake to 5,1%, last December 2006.
Enjoy your investments! Keep an eye on Porsche and Essilor. I had no time to study those, yet. I like them very much but I just don't know if they are quiet expensive or not. I will keep you in touch about them.
Enjoy your investments!
Regards,
Filipe Vasconcelos
http://filipevasconcelos.blogspot.com/
New year, new investments!
Let's have a look to a summary of my advices last year:
-14th September - buy Deutsche Telekom at 11,67€ and France Telecom at 17,44€
I said and I keep saying that Deutsche Telekom should be trading around 30€ and France Telecom at 46€. I expect this market distortion to be corrected, next 2-3 years.
I keep my very positive opinion about BBVA and BCP. For bank lovers, these are my choices! :-)
This year, if you ask me what to buy, I maintain my opinion ->> telecoms, specially Deutsche Telekom and France Telecom.
I studied another two spanish companies that are trading at very low levels:
Baron de Ley: 2nd biggest wine company of Spain, with a great management, trading at cheap levels of PE=14,6 and EV/EBITDA=7,7.
Focused in aged wines (Crianza and Reserva), Crianza is 62% of their sales, Reserva is 27% of their sales. As a little detail, Ratzinger Pope, was served with a special Reserva from Baron de Ley last time he was in Spain (in 2006).
I really like the way management uses anual profits ->> share buyback. It's great in terms of fiscal policy to all shareholders. So don't get bored if you don't receive any dividend. Management will buyback 5% of the shares available in the market. You will increase your company stake by 5% without paying any comission or taxes.
Service Point Solutions: Document management and Digital Reprographics. My opinion about this company is very simple. The turnaround is taking place. Net profit jumped 400% last year and technically speaking, we've already seen the bottom. Maybe that's why UBS increased his stake to 5,1%, last December 2006.
Enjoy your investments! Keep an eye on Porsche and Essilor. I had no time to study those, yet. I like them very much but I just don't know if they are quiet expensive or not. I will keep you in touch about them.
Enjoy your investments!
Regards,
Filipe Vasconcelos
http://filipevasconcelos.blogspot.com/