Author Topic: PH - Parker-Hannifin Corp.  (Read 9538 times)

Palantir

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Re: PH - Parker-Hannifin Corp.
« Reply #10 on: October 19, 2012, 10:25:15 AM »
True...Google had a runup, but I was expecting a target of 800+...But even in long term growth stories, there are major declines after runups so can't rule anything out.

I'm sitting on 20-25% cash at the moment. If the market declines substantially I'll have that to go in I guess.
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boilermaker75

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Re: PH - Parker-Hannifin Corp.
« Reply #11 on: October 19, 2012, 10:32:24 AM »
I am short October 75- and 80-strike puts. So I may have a position after today at a cost basis just below 79. Though PH is not too far from the 80-strike price. So if I don't get put to I will write November puts, probably the 75-strikes, to possibly get a starting position.

Palantir

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Re: PH - Parker-Hannifin Corp.
« Reply #12 on: October 19, 2012, 11:23:45 AM »
^What's your estimate of intrinsic value? I have roughly 115-120ish...
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LC

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Re: PH - Parker-Hannifin Corp.
« Reply #13 on: October 19, 2012, 11:38:36 AM »
just touched inappropriately....i know the feeling...though GOOG shouldn't be considered raped by any sense...the thing was up quite nicely over the quarter....you can't expect to bag kim/kourtney/khloe all in the same night
I would think Google's drop is exactly the same feeling as bagging all the kardashians in the same night... :)
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boilermaker75

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Re: PH - Parker-Hannifin Corp.
« Reply #14 on: October 19, 2012, 12:02:20 PM »
^What's your estimate of intrinsic value? I have roughly 115-120ish...

I have not done an estimate of IV. I was just looking at the enterprise value to TTM FCF, $13.6B to $1.3B, to figure below $80 might be a good entry point. Now that it looks like I will have some shares after today, I'll be inspired to do a more thorough job of due diligence.

Palantir

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Re: PH - Parker-Hannifin Corp.
« Reply #15 on: October 19, 2012, 12:32:15 PM »
This was my first major decline as an investor. I feel like I'm finally becoming a man.
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tombgrt

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Re: PH - Parker-Hannifin Corp.
« Reply #16 on: October 19, 2012, 02:37:35 PM »
This was my first major decline as an investor. I feel like I'm finally becoming a man.

7,xx% is a major decline? :p

But thanks for the write-up, will look into it.

FrankArabia

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Re: PH - Parker-Hannifin Corp.
« Reply #17 on: October 22, 2012, 10:10:26 AM »
i haven't invested for all that long myself, but a 7% decline or permanent loss is really nothing in the overall scheme of things.

when i look at other greats portfolios, lots of times they have holdings down north of 25%....

tombgrt

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Re: PH - Parker-Hannifin Corp.
« Reply #18 on: October 22, 2012, 10:45:35 AM »
Jup, but even 25% is not that much really.

Look at what Munger has to say on the subject. I absolutely agree.

http://www.youtube.com/watch?feature=player_embedded&v=3XlBrohrIUc

"If You Canít Stomach 50% Declines In Your Investment You Will Get The Mediocre Returns You Deserve."

Palantir

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Re: PH - Parker-Hannifin Corp.
« Reply #19 on: January 17, 2013, 08:51:52 AM »
I was in at 82.75 and after depressing me for a few mos it has finally started rising for reasons unbeknownst to me, and is up 10%, likely thanks to analysts suddenly liking this stock. Earnings out tomorrow, my estimate of IV is about 115-120.
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