So what? The year is starting the sixth month. I'm sticking with the old adage that it's never to late to invest. Since I purchased the house, I've neglected my portfolio. Now is the time to start rebuilding it.
Today I was pleasantly surprised when I took a peak at my brokerage account. I have a little more than I thought I did. That's always nice.
I decided to start a new watch list. It's been so long that I actually updated my old watch list that I decided it is better to start from scratch.
The new watch list consists of:
Today I was pleasantly surprised when I took a peak at my brokerage account. I have a little more than I thought I did. That's always nice.
I decided to start a new watch list. It's been so long that I actually updated my old watch list that I decided it is better to start from scratch.
The new watch list consists of:
Regis (RGS)
Retail Opportunity Investment Corp (ROIC)
Brookfield Infrastructure Partners (BIP)
Builders FirstSource (BLDR)
From the Motley Fool article, 3 Unappreciated Stocks To Buy Hand Over Fist in 2012, ,
the three stocks mentioned are:
Regis (RGS) - Owns hair salons including Super Cuts.
Article Notes:
1. Old ownership wasted shareholder capital on bad deals and bloated middle management.
2. Starboard Capital
won a proxy fight and installed three members on the board.
3. Due to Starboard
challenge, CEO-elect and COO resigned.
Middle management cut and company looking to sell non-core business such
as beauty schools and hair restoration business.
4. North American operations is a cash cow. Cuts of management, sell of non-core assets
and other moves could leave it with plenty of cash.
Retail Opportunity Investment Corp (ROIC) - a REIT that prefers
property in affluent areas with a high traffic retail anchor store. Also buys depressed commercial real estate
and low prices.
Article Notes:
1. CEO Stuart Tanz
experienced with REITs. Ran Kimco Realty
that earned investors over 800% in ten years.
2. $600 market cap, 4% dividend, payout of 70-80% of funds.
Brookfield Infrastructure Partners (BIP) - owns a wide
variety of assets such as "timberland, railroads, ports, power
transmission assets and coal terminals."
Article notes:
1. Looks to invest in
high quality assets with steady income streams.
2. Lists acquisition of two Chilean toll roads and
Australian Prime Infrastructure as examples of types of assets BIP invests in.
3. Also states that
company has goal of capital appreciation of 12-15% a year along with a payout
growth of 3-7%.
From one of my newsletter subscriptions:
Builders FirstSource (BLDR) - supplies raw materials to home
builders mostly in the South and East United States. Basically anything a builder needs, from
materials to contractor services, BLDR
will sell or install it. Insiders
are buying on the open market.
In my opinion, this is a very risky stock. With prices ranging recently from $3-4, it
almost looks either like a garbage stock or undervalued. Only more research will tell which direction
I will go.
Note on subscription watch list stocks: I don't feel obligated to not divulge watch
list stocks from newsletters. The stocks
are mentioned as ones to keep an eye on and for further research for
subscribers. The stocks are not recommendations
and are not tracked with sell, hold or buy and updates like the formal
recommendations are. A stock may only be
mentioned once in a newsletter and never heard from again. Thus, I feel free to discuss those stocks on
my blog.
Finally I ran a stock screen on the Wall Street Journal website: WSJ Stock Screen 6-9-2012 (pdf file).
Finally I ran a stock screen on the Wall Street Journal website: WSJ Stock Screen 6-9-2012 (pdf file).