3/14 Kelly Letter Topics
Weekly market review
Fed oversees banks
EU bails out Greece
China likes Treasurys
Consumers still down
CT suing Moody's, S&P
US AAA rating at risk
Strong retail sales
Topping oil prices
Index chart patterns
Households suffering
Market at 1150
What range top means
FMD shooting higher
Bluefin tuna ban
2010 EDITION
Much has changed; good investing has not
The Neatest Little Guide to Stock Market Investing, 2010 Edition
I ran a screen to find stocks rated five stars by Morningstar, that are also owned by funds rated either four or five stars by Morningstar. The list was short:
Buckeye GP Holdings (BGH)
Carnival PLC (CUK)
St. Joe Corporation (JOE)
White Mountain Insurance (WTM)
Of these, The Kelly Letter has been tracking only one, St. Joe, for a potential buy. It's a victim of the housing market's woes, but looks to have fantastic underlying asset value and has moved aggressively to limit its exposure to the risks that have hurt it so much in the downturn.
I'll let subscribers know if and when I buy it, along with another housing stock I like. It's still early for the sector, in my view, but the day will come.
The above four stocks closed last Friday at the following discounts:
BGH 21% below fair value
CUK 35% below fair value
JOE 66% below fair value
WTM 36% below fair value
From this quick comparison, it's easy to see why I'm stalking shares of St. Joe Corporation.
