Hello Sam! The first visitor! Briefly, I have three portfolios. One is a mutual fund portfolio where about 30% of my total investments are placed. Currently I am in the PBHGX fund, since March 1,1998. The second is a core investment account in which I manage, for medium and long term investments, and holds about 50% of my total. My current holdings in this account are CPQ, MSFT, TXT, OWC, K, and CAG. These are basiclly "buy and forget" at this time. I did though sell half of my CPQ last week, as I see CPQ pretty fairly (or fully) valued at this time. I might also sell K, but the others are all great bargains IMO. The third portfolio is a short term trading account with about 20% of my total. Some examples of stocks I have recently been trading are SPCT,(was also a core), SNDK, GTW, VRAN, AHA, WMT, NSCP, DIGI, DMIC, COPY, CREAF, BOCI, and LU. I also at times trade some of my core stocks.
I use both fundamental and technical analysis as tools for my investments. With the core portfolio, I use fundamental analysis as the base, with technical analysis as support. With the trading portfolio, I use technical analysis as the base, with fundamentals acting as support.
I like Textron very much as it is, one, a very well managed company. The track record of growth is consistent and impressive. It it currently trading off nearly 20% from its highs. In fact, I have also added TXT to my trading portfolio, as I see TXT trading in the 68-75 range shortly, as we are currenly only trading around a PE of 18. I am forecasting $4.00 EPS in the next year as their recent aquisistions really start adding to the bottom line. Although my forecast is higher than "consensus" of $3.75, even $3.75 gives you $68 with no PE expansion. AND, we get a dividend!
JMO, Good Trading, LF |
