Ahh FUD has got to me today. Cut just a bit from about 20 positions over different sectors.
As regards buys, I took a position in International Paper. This Dow component and large landowner has a dividend yield of about 2.9%. A cyclical business. - I look for the stock price (about $34.43) to hit $40-45 again - where it's traded many times before during the past five years.
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For diversity and balance, I sold a little NSS and upped the shares I recently bought of TS. These two companies manufacture and supply steel pipe to the oil/gas industry.
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My opinion on other stocks mentioned in past few posts.
KO: A buy under $40 when it was mentioned here previously. At current price I'm holding, not adding.
ABT: I'm surprised by its recent strength; I figure it's too late to buy at this point. I have a stub position left from maybe 1996. I'll hold.
CAH: I'm still not sure about the continued viability of a major part of their business model - how and who distributes drugs and who gets discounts for bulk purchases if and when ---- that aspect is undergoing some structural changes by big pharma, I believe. Possibly CAH might be a decent bet on Mr. Walter, an entrepreneural guy who built this company. He is trying to diversify the company's profit sources. I have a teensy position in CAH, also MCK and ABC which might be more dependent on the drug distribution business than CAH. CAH is the best bet among the three, imo, but there have got to be better stock buys available elsewhere in our current stock market.
I'll pass on MMRK.ob. Company might be very all right. However, these dinky companies where I wonder who benefits from the owners' decision to take the company public -- they put me off a bit. Also, off-putting and a personal problem that I have -g-, is any dink company headquartered in Florida especially in a city that has the word "beach" in it.
Dividend indicates management might be comfortable with making profits (paying that dividend) going forward. Again, it's a company that at my first glance seems to make profits from winches and such sold to the US gov't. A cyclical business I'd guess, and the stock has already made a good move, it seems to me.
MTNOY. If I've got to hunt for info on this company or rely on somebody's knowlege of it, my opinion is why bother at this point, when we are seeing or likely to see low-lying fruit available to us. For those who know MTNOY (e.g. Dale Baker), possibly it will be another very good pick. I'll pass though, as I assume many others will also, if they have to hunt for info. on it.
SCRA. I have a decent position for me. I might add more, but not at current price. Maybe at $11 or below where it's traded in past. I view this stock as a possible value trap - in the many years I've held shares, the business or the sum of its holdings always seemed undervalued.
All jmo, and I've been wrong many, many times. |
