| | | Comments on some stocks I am watching, not mentioned much or perhaps not much followed by others here:
Hertz Global, HTZ: hasn't dropped enough for me on its accounting woes. No position. (Still hold Avis (CAR) though.)
EMC: added to position. Positive article here: seekingalpha.com. Negative article here: blogs.barrons.com
MVC: not a good quarterly report. Stock drops. I doubled my position Friday. (Insiders have been buyers.)
finance.yahoo.com
Trimmed: YARIY, SEB, TICC, TCRD (closed), PSEC (closed). Decided I'd rather not have so much exposure to high-yielding bdc's at current prices. Rather have stocks with less yield with more chance for capital gain. (I don't expect much capital appreciation from bdc's. But of course, who knows?) I have trouble with bdc's, because for me to have a satisfactory $ return (not % return), I have to hold relatively large $ amounts. That's even if I diversify among several. I've found that if the bdc's I hold do fall, either one or several at once, the $ drop is more than I want - often larger than the distribution's I'd get over a year or more.
Deploying some cash, I'll start a position in PG on Monday. Fairly valued stock, I suspect. Business is likely safe enough though (Buffett/surrogate holding). I'll take the small but okay dividend and a chance for stock appreciation eventually as company sells off poorly performing operations. finance.yahoo.com . I am hoping buying this will prove to be better than having money in just cash.
MEI.v: Adding to my position as stock falls. On a number of metrics, a very inexpensive Canadian oil&gas. I've been wrong before on making value determinations for these businesses though, so I'm hesitant to make a substantial commitment.
OT: Adding to my basket of oil service stocks: initial small tracking amounts: PHII (helicopter transport Gulf of Mexico primarily), FI ("engineered tubular services")
finance.yahoo.com
OT: Adding to my basket of healthcare stocks: initial small tracking amount: AFAM. Home health. A difficult business. Company has geographical diversity, and in past (not now) a decent roe. Demand for its services will grow with aging population - can the company make a profit out of this though?
BAP: Positive mention of this Peruvian bank in this week's Barron's. (I'm still holding.)
finance.yahoo.com
WRLD. Is there a law firm or consumer agency not suing or investigating this company? finance.yahoo.com. In the four years or so that I've been following it, it's always been a controversial company with controversial business practices and accounting. I have a few shares, and my intent is to continue to hold on.
Auto retailers: The stocks are doing well. These guys' service departments are going to make lots of money doing all the work for the many recalls the manufacturers are now making.
Cruise lines. Not sure what to do with RCL. Hold or sell? Swap?: I am considering buying NCLH. Any opinion? More retired people likely (?) to mean more cruise business. businessweek.com
Some stocks I'm watching and didn't buy: Bollore Investissee, BOIVF. Now a double at ~$637/sh. Also France based, I missed advertising company DEC.PA. -- JCDecaux. You may not know it's they who have the control many of the posters of the ads you see (especially at train stations/airline terminals). Grocer AHONY: missed it (when Mrs. Bekepuris, known here for her stock selection acumen, liked it), although the stock has come down somewhat now from recent highs.
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Stock performances that I don't understand of stocks on my watch list:
EXPD: couldn't hold on. Sold at about what I paid. Great management I read. Business is "logistics services" though which was (and still is?) poor and competitive. Stock has appreciated (38->45) nevertheless. And now ValueAct is in, and there are positive upgrades. Again, I don't get it: stock looks expensive to me.
CTRN. Clothing retailer in African-American communities. I gave up about $13-14 (about break-even for me). Stock now about $21. finance.yahoo.com
HELE: I gave up at about $30; now at $59. Surprised by continued earnings growth, and aggressive nature of management (tender offers/restructuring)
PICO. I call it a value trap. Company has control of lots of water. Every once in a while somebody writes an article saying dontchaknow water is in short supply and here's a company you never heard of that has access/control to lots of it. Stock then pops. Eventually the buyers realize that PICO just doesn't make any money -- or enough money to move the stock.
WOOF. Nice move in stock of this veterinary. finance.yahoo.com
RWEOY. German utility supposedly going to get rid of nuclear (after Fukushima) and go to gas. And that transformation would decimate earnings. Stock now $40.57 though, up from $27-30.
JACK: At $60 now, up from maybe $30 when I looked at it and passed. 40x earnings for a fast food hamburger joint? Yahoo shows negative sales growth. 22x forward earnings, 1.4 d/e. Inexplicable.
HBI: Hanesbrands: $86 up from about $30-35 when I sold. p/e 27x now. About 16x forward p/e. Lesson to me: remember to consider keeping a stub position! |
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