My top 10-ish positions in no particular order: IGK/IDG, NRF-A/B, UVIC, GPOR, EBIX, IDCC, GILD, FR-J/K, COPJF. No changes.
New positions: DST, MDT, GAME
Positions increased: UVIC, GLW, PBEGF, GFRE, NEWN
Positions reduced: FR-J/K
Positions eliminated: HALL, TIP, WUHN, NCTY, ATPG, AMPH
Bonds and prefs are continuing to rally, which makes it tough to hold the remaining somewhat-high-yielders. Sold more of FR-J/K on dividend announcement and runup over $19. Dumped TIP - it was a very short-term cash park - to invest money elsewhere. None of the remaining high-yielders are very attractive as buys, except perhaps NRF-A/B, but I just have too much of it already. And it definitely has a bunch of warts.
Sold AMPH on takeover news. Sold NCTY on quarterly results and stock price runup from the net-net land - great short term return, shoulda bought more. :) Sold WUHN and HALL on disappointing quarterly results. Decided I liked my other energy holdings better than ATPG.
On the buy side, most are familiar names. Added to GLW, PBEGF, GFRE, NEWN as they fell. NEWN is risky, since company just bought two other companies, so the accounting is probably obfuscated. Not for the faint of heart.
New positions: DST - is a smaller cousin of BRK's recent purchase FISV. IMHO, DST has better numbers than FISV. Not terribly cheap though. MDT - discussed here in the past, not terribly cheap either, but it reached my "dip toes" point for exploratory position. GAME is not really a new company in my portfolio. It is back based on attractive valuation. We will see what Q2 results show in couple of days. |
