Home » Purchases

FI Fund buys STP and GE

October 3, 2008 11:40 pm by Dean Morel

I don’t have time for a write-up now; however, this is a heads up that STP has once again fallen to bargain basement prices. The Fusion Investing Portfolio plans to buy 2,000 shares on Friday 3 October.

You can check my previous articles on Suntech here.

The good: PEG of 0.53, forward P/E of 11.66, dominant low cost solar provider, good margins and return on equity, excellent R&D.

The bad: High debt, earnings not translating to cash flow due to investments in growth.

Just bought 1,000 at 32.50, not the low I was after so I didn’t buy 2000, but good enough for 1000.

UPDATE: FI Fund just bought 1,000 more shares of GE at $22.45. Now holds 2,000 shares in the fusion portfolio.

Share and Enjoy:
  • email
  • StumbleUpon
  • Technorati
  • Digg
  • del.icio.us
  • MisterWong
  • NewsVine
  • Yahoo! Buzz
  • Tipd
More on this topic (What's this?)
5 Dividend Kings To Beat The Market In 2012
General Electric: A Historically Cheap Stock To Buy Today
Is this Small Stock the Next GE?
Read more on First Idaho Resources, General Electric Company at Wikinvest

Related posts:

  1. Fusion Portfolio Buys Suntech STP
  2. Investing is Easy – Fusion Fund buys ANZ
  3. Fusion Investing Fund Buys ANZ Bank
  4. Fusion Investing Portfolio Buys Biota
  5. Fusion Portfolio Buys Westpac
  6. Fusion Investing Fund Sells Ultra Bull Fund

2 Comments »

  • Anonymous said:

    so are you buying more GE here at $12 – $13?

  • Dean Morel (author) said:

    GE looks very attractive at these prices. How does it feel from within?

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.