PAR Pacific – Sam Zell Value Play Trend Following

By Andy Abraham of Trend Following Mentor

Consultant at Abraham Trading Consultants • Jul 17, 2016 at 9:07 PM EDT

Sam Zell is one investor I truly respect & watch. Today he is seeking assets below replacement cost similar to what he did in the field of real estate in the 1970s & 1980s. Buy when everyone was selling.

I have to admit Sam Zell is one investor I truly respect & watch. He called the top in real estate prior to the crash in 2007-2008. Today he is seeking assets below replacement cost similar to what he did in the field of real estate in the 1970s & 1980s. Buy when everyone was selling. Buying value.

I believe in being a value trend follower. I recently came up with one of his holdings PAR Pacific (PARR).

As you can clearly see this is stock is in a deep down trend. However there is value here according to Sam Zell.

I am not a knife catcher. I have exact rules in order to try to buy this stock once it turns up…if it turns up. No one is perfect! There are no gurus!

Disclosure:

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I may hold positions in these stocks mentioned in the blog.

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