RF Position Update

I own too many stocks so here are few highlights.

OWW - Speculative play here but Orbitz is turning around. The industry is highly competitive; however, the CEO came from a top competitor and is doing work. Today, they announced that they are cut hotel-booking fees to attract more customers and boost revenue. The CEO also said margins will not be damaged because the cost cutting strategy is working and will offset the price reductions. If this is successful, the amount of bookings will increase dramatically, benefiting revenues and earnings signficantly. If they can get it down, the stock can print $4 over the long haul.

FCS, TSM, and ASX - I love semiconductors and believe the rally can continue. When the short-term bottom was in place, I believed technology or energy would lead us out; however, Carter Worth at Oppenhiemer said semiconductors would and he flat out drilled it. As far as I am concerned, the consumer PC industry has bottomed, so buy accordingly. Buy chips on dips!

LVS - Second best casino, next to WYNN. The firm is undervalued and has significant upside because the market has discounted the fact that they have liquidity. This casino has down a lot of good things, like postponing casino projects in late 2008 to conserve cash and today announced they are repurchasing 880 million in debt to reduce interest expenses. Creditors like LVS, so they have real partners. However, I will admit WYNN is the top casino but it's too rich at these levels, compared to LVS.

I am off to watch the hockey, be back tomorrow.