CY09 portfolio

[CityFarmer]

Due to the unexpected non decline of TTj's price after its weak Q3 results, I was unable to accumulate TTJ. At the price of 0.35, the MOS was not as good as other stocks i wanted

Nevertheless, I have used some of this proceeds to purchase Samuerda Shipping (@0.255). This is because the company should benefit from lower oil prices and economic growth of SEA (especially Indonesia). Secondly, its free cash flow yield over the past few quarters is quite good. My personal estimate is that the company will generate 3.48 s$cents per share, after repaying about USD 23M of debts, annually if it can repeat the past 3 quarters of results.

The statements show a top-down approach of fundamental analysis, and focus on short-term performance (quarterly). I reckon you have more behind, but top-down approach for stock selection, might not be suitable for value investing, IMO.

(sharing a view from a busy-body )