Friday, January 5, 2007

Mailing list problems

I cant't seem to send messages to the club mailing list, at whiteinvestments@clubs.iclub.com. I get this response:

You are not allowed to post to this discussion. If you are a member of
the investment club. please log into our web site at this URL:

http://www.myiclub.com

Once you have logged in, verify that the e-mail address fo your account
matches the one you sent this message from:

...........@yahoo.com

This error message was generated automatically by a computer program.
For assistance, e-mail our support department.

Anyway, my account looks OK. I can't debug it any further so I'll just repost the message here.




I might miss the dinner - I had relatives show up for
a suprise party today. I'll let everyone know my
final plans before Sunday evening.

I would like to suggest that the club consider
puchasing Willi Foods (WILC). To save anyone effort,
they booked profits from operations in the first 9
monsth of 2006 of $2.6M. One time gains netted $4.1M.
Market capitalization is just under $50M, but the
company has $17M in cash versus no debt. There are
some outstanding lawsuits that Willi reduced the
amount of product in the packages without informing
their customers. Company website is here:
http://www.willi-food.co.il/eng/content.php?id=151

Ebay and Western Union are two stocks that I have been
investigating. My research into Ebay is very limited.
They are trading at about 30x 2007 estimates and 24x
2008 estimates. That's as cheap as I've ever seen it.
I'm not going to recommend purchase, but I thought it
might be worth discussing.

The other stock that I'm more comfortable with is
Western Union. It was spun off from First Data in
Autumn and has cut a very low profile with all the
anti illegal alien furor. I'm mulling over whether to
propose it for purchase. Here's a few articles:

Quiet IPO
Smartmoney Overview
Various articles relating to Western Union

Alright, enough for now.

See you all Tuesday for sure or maybe Sunday evening.

Chris

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