January 22, 2010
Mr. Miller encourages all Investors to stay focused on value, and detach themselves from the large money center banks issues as their fate will be decided in Washington. The Banks and Hedge Funds are on their own, have ample funds to lobby for their cause, and essentially under control of the U.S. Federal Reserve in all cases going forward.
Take this opportunity to focus on core value of companies in all sectors. When the political dust settles, companies that generate cash flow, are positioned for growth, and are essential to the U.S. Economy will still be core investments to all class of investors.
Mr. Miller does not provide answers, only information and facts. However,if one follows the investing mantra that Mr. Miller does, it focuses on investing in hard assets and energy infrastructure related companies at a discount which generate cash flow, have core fundamental demand and are staples of economies in all economic conditions.
Stocks: CHK, DVN, EOG, XTO, APC, APA, XOM, CVX, MDR, OXY, MRO
Disclosure: Long Energy Companies