Saturday, July 12, 2008

Posco PKX: Cold Korean Steel

I've had my eye on this Buffett favourite for a few years now.

An amazing Q2 profit has lead to a share price rally out of the bargain zone. I'm hoping that as more concerns about global recession/depression and other gloom will knock the price back down to around $100/share where I'd definitely be interested in owning a few shares.

I'll do a full analysis later.

l

ps Couche-Tard's share price is spiralling down to my entry level: about $10/share. It closed at $11 and change Friday.

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