Hi Dennis, I had made a "reasonable" first investment in JBL about 18 months ago and had enjoyed the experience so far. JBL is a component assembler who builds things for Lucent, Dell, HP, Compaq (?), and others. They don't make chips, but assemble them into products for others. The end products are private labeled. So, the $$$ stayed in the field of electronics, but not specifically in the mfg. of chips.
Yes, I considered adding to the VTSS position, but it was already one of my largest single holdings - having gotten there the "old fashioned way" via internal growth.
JBL looks to have many of the features that I like to see in an investment for 3-5 years (as far as I can reasonably guess about the future). It also has shown a bumpy pattern that many rapidly growing companies show. That makes it a good AIM candidate as well as a good overall investment.
I, too, funded my core income producer GSF with some of the proceeds from the VLSI buyout. I took what had been my initial investment in VLSI and sidelined those $$$ in GSF. That left me with a sizable amount of money to pay some taxes and to invest in something "new." In this case, it was a decision to stay with something I already liked rather than start something new.
Best regards, Tom |
