Paul - That's the way it works for me, too. Some stocks where I have high conviction may only perform in line with the market, while the ones I'm not completely certain of tend to outperform. I guess that's the way it should work. I take a portfolio approach to investing and have at least about 20 stocks. Most of them are cheap on FCF and/or BV.
I'm still overweight in energy but not as much as I had last year. My two energy names are WMB, HP, and NOI. Despite the run-up in WMB, it is still my favorite in that space.
Otherwise, my holdings are fairly diverse. I have a mix of industrial related names like
1) COLL (makes school buses, light trucks and ambulances),
2) GNRL (makes bearings),
3) HDNG (makes metal-cutting turning machines) and
4) CVR (makes rivets)
Technology names like
1) MRM (makes RF and microwave components),
2) OCCF (makes fiber optic cables),
3) ENPT (IT co.) and
4) RELM (makes wireless equipt)
Regards,
Wilson |
