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Charlie Anderson
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I am currently a student. I use a mix of technical and fundamental analysis to arrive at investing prospects and then do in-depth analysis.
  • Weekly Outlook, 8-28 0 comments
    Aug 28, 2011 9:43 PM | about stocks: NRG, CLF, MT, GM
    I haven't gotten a chance to restart the model portfolio, as I need to find a website I like. In the meantime, I'm entering some positions. I bought shares of ArcelorMittal [MT] this week. I still own Cliffs Natural Resources [CLF] in a small holding. I wrote a report on Cliffs this week for here. I also still own my shares of NRG Energy. I'm looking into picking up shares of Transocean [RIG] and General Motors [GM]. I'm a little on the fence about both of them, more so for Transocean. General Motors simply needs to regain its place as a function company, and the shares should double. The margin of safety for Transocean is a little slimmer, but it might have just instituted a 6% dividend. My only issue with GM is that it doesn't pay a dividend, although this might change if its financial situation improves. It seems in pretty good financial health. The price relative to earnings is very cheap, but compared to book value it isn't that cheap. It seems like too good of an opportunity to pass up though, so I'm probably going to pick up the shares this week.
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