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basl1

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Posts posted by basl1

  1.   When I was accumulating Ingersoll Rand -- others here were buying BNI, KO, WFC or whatever.  In the end you take this rare opportunity to pick up something great that you think you understand.  I started out doing this in 1992 and I can tell you that this is by far the most fantastic opportunity thus far.  Perhaps it's not on par with 1982 but it's still very good.  I am hopeful there will be a couple more of these in my lifetime --- but I view it as a rare opportunity that one does not want to miss.  It would be very hard for me to sell at a bit of a pop for the hope that this kind of opportunity will happen again soon.   

     

    UCP/DD

     

    Share with us why you and buffett like ingersoll rand so much

  2. That's what Buffett was doing back in 1981 Al.  He said he was selling things trading at 3 times earnings to buy things trading at two times earnings.  Cheers!

     

    Which are the best buys?

    ???

  3. :o For those of us who do not know, why is this share so special?

     

    Currently offering close to 12% in dividend yield and has the potential to be called by Odyssey for $25 after October 2010.  Best case scenario, you get ~$4 in dividends and a ~$7 capital gain by the end of 2010 if they call it asap (64% gain in ~two years).  Worst case scenario, you get a 12% dividend indefinitely from a well run and well capitalized company, which is majority owned by Fairfax.  It won't be a homerun, but I see it as a very safe bet that offers a good to very good return.

     

    Here's a link to the issue prospectus: http://www.sec.gov/Archives/edgar/data/1137048/000090956705001607/t18226e424b5.htm

     

    ::) Thanks so much. Good opportunity here

     

     

     

     

     

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