Monarch Cement (4/2/07)

Value investing is a very slow and tedious wait.
Value stocks do not move fast unless someone buys them out.
That usually doesn't happen because it is a very dull capital intensive company that has a lot of capital equipment and is not glamourous. The company just plods along and keeps making money and people get tired of watching the paint dry.
That is a perfect type of stock to own because that stock you buy and put away and look at it's price once a year.

Monarch Cement is such a company and has been beaten up with the subprime lenders broom.
Look at the 5 year chart and see that the $30 level is the bottom support level.
Why not buy a few hundred shares and put them away and don't look at them untill you need the money?


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