| | | Growth Positions:
Acknowledging that this is a DIVIDEND growth board, roughly 1/4 of our portfolio is invested in "pure growth" stocks, with yields under 1%. My favorites here, with earnings growth of 14%+ projected:
AMZN -- results driven by AWS, with huge investments in logistics... Valuations still high, and growth rates coming down, but I intend to build this one slowly
FB -- tremendous earnings growth and cash flow... I worry a little about the money being pored into the "metaverse" pipe dream, but stranger ideas have worked out. Their core business (media/advertising) isn't going away.
NKE -- the industry leader in Direct-To-Consumer channels, re-envisioning the way that top brands market and distribute their product. Brands matter more than ever when buying online, since you can't see what you are getting until it arrives, and NKE is one of the best in this regard.
MSFT -- incredible market dominance in multiple arenas, with shockingly few anti-trust issues (they worked through that a decade ago)
GOOG -- I don't *like* the company any better than I like AMZN or FB, but they have an unassailable position in media/advertising and their fingers in enough other pies that they should be able to continue to find growth -- until they eventually decide to start sending that cash flow to shareholders.
DIS -- easily the strongest IP library in the media/streaming business, and the acknowledged leader and transferal to merchandising. As a parent of young children, I don't want them anywhere near Disney products. As a parent of teens, I have to acknowledge that they do what they do VERY well. One of the long-term winners in this niche.
Large positions in FB, NKE, MSFT, and GOOG. Smaller position in AMZN. Sold out of DIS in March/April 2019 and finally May 2020 (the last at $108 per share on concerns of pandemic weakness). Bought back in today at $156. I could have done much better if I had held through the 1Q21, but then my other holdings have also done very well over the last year and a half. The bigger mistake would be staying away from a great company just because I didn't time an earlier trade well. |
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