Friday, September 30, 2005

EnPro Industries, Inc. (NPO)

NPO is worth looking at. One of the insiders, Steel Partners II, LLP (whoever they are) has been buying again, and their purchases are often followed shortly by a price rise. In addition, NPO has recently reduced their asbestos-related problems, has good relative strength, and is selling for only slightly above S&P-calculated Fair Value.

EnPro Industries should do well if the economy in general does well. This is worth considering. As usual, I am convinced that in the near future the economy in general will either get better, get worse, or move sideways, and it's worth taking all possibilities into consideration.

Wednesday, September 28, 2005

What's in a Name?

The famous Jim Cramer wrote, at , that "people are selling companies that need a strong economy to do well, like the chemicals, paper, steel, heavy machinery and homebuilding stocks.". He wrote later in the same article that he " would recommend Permian Basin Royalty Trust (PBT). A similar investment Cramer likes even more is Fording Canadian Coal Trust (FDG) because he thinks coal will go up more than natural gas.".

Unfortunately, Fording's holdings are not in thermal coal, but in metallurgical coal. Their value doesn't correlate with natural gas, but with the steel industry.

It makes you wonder.

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