I'm getting to the point where I'm trying to have stock positions between 30-50k in each name, so if I get a double or a triple on some positions we are talking about a $30,000 to $100,000 hit in the form of long term cap gains. With this money I'm going to add to some positions that I have had for the long term to get them "right sized".

Right now I'm looking into AT&T - because I think down here if they pull off TWX you are going to be looking at substantial dividend growth and I think over a few years the stock could get to 45-50 area. .

I'm also gonna be adding to a regional bank I own, it pays a stock dividend so the more shares I buy now, the less I have to buy in the future. I'm trying to get the position up to 1000 shares, and then if the bank is acquired it will likely be share for share so you can avoid the tax. If you play a regional bank investment right, over a long enough period you can get two share-for-share acquisitions (small bank bought by medium bank then bought by large bank) - so your yield on cost is really really high and you have enough shares of the acquiring bank to have it be a huge position that you can borrow against if you need to.

From a high level, I'm basically looking for a business with the capacity for substantial dividend growth in combination with a decent beginning yield. All the better if it is capital light.

(http://www.autoadmit.com/thread.php?thread_id=3969518&forum_id=2#35992323)

Is the regional bank ozrk? I remember you poasting about that before.

(http://www.autoadmit.com/thread.php?thread_id=3969518&forum_id=2#35992351)

The regional bank is not Ozark - even though OZRK is an incredible investment that I am very bullish on. The regional bank I have is very similar to one like CBSH - which is what I would reccomend risk averse people buy when it falls back in price a bit.

(http://www.autoadmit.com/thread.php?thread_id=3969518&forum_id=2#35992361)

Thx

(http://www.autoadmit.com/thread.php?thread_id=3969518&forum_id=2#35992380)

The issue now is that it has been a long time since there was a massive, market wide disaster. Typically the disasters are the ones that help produce the next crop of value stocks.

Anytime there is a small amount of "classic" value stocks in the market it might signal that there is significant danger of high prices being paid in my mind.

Since 2008 we have had issues don't get me wrong - Oil/MLP Crash, Retai/CRE Crash, Levered Loan Crash - but that hasn't been like a major blow-out issue.

There are some significant replacement cost workout plays as well as opportunity in some areas of Commercial Real estate as well, but you gotta pick your spots and some people simply wont be able to operate in a sector that is cheap right now (during this go-around) because they need to build more experience and knowlege around the asset class or situation.

As for Value Investing as it currently exists (I.E a hybrid Graham-Fisher-Buffett approach) there is a substantial amount of opportunity currently to acquire high quality businesses in my mind.

(http://www.autoadmit.com/thread.php?thread_id=3969518&forum_id=2#36222996)