SEPTEMBER 05, 2008 - The Fed will not raise rates after today's employment report that showed unemployment rising to 6.1% - there will be a call for them to lower rates now. Would continue buying recommended banks and brokers. The July 15 lows of banking and consumer stocks will hold - commodity stocks will go lower but think natural gas has bottomed. It may be getting time to buy the semis (SOX) that hit a five year low today. Oil has not bottomed yet.
natural gas pipeline co is an under the radar play that was down today - increased natural gas production will increase flow through the co's extensive network - co has an additional $3B of capacity additions coming on stream this year that will increase earnings - also has a $600M stock buyback (3.3% of shares) - has a 3.5% didivdend yield that will be increased - this is a less volatile way to play the industry - is cheap relative to peers - should be selling around 32
27.95
0.00%
07/03/08
next day close
28.02
+0.25%
07/10/08
a winner - want to buy some tight here
27.41
-1.93%
07/16/08
should be bought
26.28
-5.97%
08/12/08
CEO interviewed: the price of natural gas is not material to our earnings because we mostly transport it - think natural gas will be used for vehicle fuel
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