Good day everyone! Hope all is well with you there. Another trader friend of mine just read this humble blog of mine today and im happy to say that he liked it. Unless he is lying to me. Hehehe but anyway my friend nico suggested that i should have my picks for the quarter for both fundamental and speculative investors. Well i do have to admit that i am really more of a fundamentalist but still i will try my best. For my fundamental pick of the month i really like urc! URC! At 18-19 per share it is a bargain. It was just announced today that its income for 2006 increased by 19%! that means more or less its eps is around 1.45-1.50 so it should really be trading around the 22-24 range based on its historical eps. :) this company is solid and i watched the interview of mr lance gokongwei this morning in bloomberg and what can i say?!?! the guy will take urc to new heights! With all due respect to mr john gokongwei who started it all but lance understands the needs of investors! He knows how to unlock shareholder value. Give him 5-10 years more he will really be a force to reckon with in the philippine industry!i like urc it has good management and it has great growth potential with its beverage division being its growth driver! :) i have to say that i love c2! :) as spyfrat and my friend rafael had lunch today the former confided to me. . . i really dont know f he is just trying to flatter me but when urc was already trading at around 5 i wanted to buy shares already but spyfrat discouraged me so i gave in but after a few weeks i really liked what i saw in urc and i really insisted that i should get shares so i was able to get some at 6.40 and i bought a few more after. He told me that i made him realize that gokongwei stocks are not that bad because he never liked gokongwei stocks. Hehehe so now he is also a believer! MR LANCE GOKONGWEI i hope youre reading this! Hehehe technically the minimum upside of urc is around P31 so i do hope that we get there. At its present price this is a bargain. I wouldnt be surprised if this shoots up to 30 or more. So this is my parting word to you all! See you at P30! HEHEHEHE btw there is this another stock that im studying it is also owned by a tycoon. It has very very good fundamentals i will tell you about it in a few weeks time because im still studying it!!!! :) god bless :)
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