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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (63933)5/5/2020 12:55:18 PM
From: E_K_S  Read Replies (1) of 78821
 
Sold out small position in FLR @ $10.61/share booked a 7% return. More importantly any company where earnings and reporting is suspect is not worth holding (long term). I have had a few of these types of companies and when things look like they have turned around and/or have a deep order book, there are one time adjustments that turn a good opportunity sour.

Have an infrastructure watch list. I had STRL for the longest time and this was a good turn around story for a small operator. Previous CEO came back to run the company and after 24 months stock went from $3/share to $9/share. Contracts awarded were completed on time and were profitable. No funny accounting.

EKS
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