lance sjogren

General Cable: Poised for a Good Run

Expanding and rehabilitating the electrical grid I believe is going to be a huge growth area.

However, I seem to have pretty much talked myself out of trying to invest to participate in this coming boom.

1). As someone on another post commented- commodity business. Do these guys have any unique capabilities? Or can a lot of cable companies make the same stuff?

2). Those companies that DO have some sort of unique position in these new technologies I suspect tend to already be pretty pricey. Those are the kind of stocks that Jim Cramer likes.


On the other hand, as a value investor, a company like these guys is not a bad buy just on value basis.

On the other hand, the fact is that even though the oil boom may be due for a correction, the notion that the petro stocks are booming is just plain wrong. Yes some natural gas stocks and oil infrastructure stocks have seen huge runups, but stocks of the integrated oil companies have sat there like beached whales during this oil boom.

Because oil stocks are so dirt cheap and I am a value investor, I am hanging on to mine, namely Conoco and Petro Canada. Did you know that Petro Canada has a projected PE ratio of 5?

Not to mention the oil refining stocks which have been plummeting during this oil boom. I picked up some Valero in the hope that they will see some recovery.