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June 12th, 2010 at 2:03 pm
Phil…. I thought I would save this comment for the weekend, as the market volatility has us concentrating on the opportunities for day trading. I know you welcome ideas on long term buy/write candidates, and I would like to suggest one that I bought last week. It is SI ( Siemans ) I have invested before with this multi-national giant in the past, but have re-entered buying the stock, and selling a short straddle of Jan p&c @90.. I see big growth going forward, as they are dominant in the healthcare sector (my company used to compete with them, and they are formidable). They have recently partnered up with Accuray and the Cyber Knife product.. Based in Germany, they are in a terrific position to advance their massive export business with the Euro weakness. The icing on the cake is they are the largest providor of high speed train that are in use in so many countries ( China has 60 of them, and 100 more on order. This company is to high speed trains as BA is to aircraft., as they have a substantial backlog of orders. By theway, they pay a 2.5% dividend, and my discount entering the B/W was 24%. I some ways, they are similar to GE, but without all the financial baggage. Just a thought and hopefully a contribution!.