Personal
Portfolio
Speaking of food, BGS foods once again leads the pack.
Ended up taking 25% off the table to keep the percentages in
check.
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Lets Make this a NoBama Nation Next Election
I
think the birthers are barking up the wrong tree. I think they
should be suing for access to the teleprompter's sealed
education records because if they were successful, they would find
the teleprompter was in fact a foreign exchange student. Food for
thought.
Not a bad month all in all, considering hate and
discontent going on in the middle east. The food inflation over
there is amazing.
I have a novel idea......why don't we
stop burning our food for fuel, start drilling for more oil and
trade our excess grain for any extra mideast oil we might need. It
might solve a few problems on both sides of the globe.
The
Fairholme fund (FAIRX) is a fund which doesn't do so well in growth
environment but holds up quite well in negative environments. At
-2.3% YTD, I think I would recommend a switch.
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Speaking of Fairholme:
Personal Portfolio
The
talking heads are no longer interested in banking stocks, mainly
because housing is still in a rut. Telecom stocks have also taken
a substantial hit.
Me I think when SPF and DHI reach attractive
levels, it is a good idea to buy and later on, sell on rumor.
Speaking
of Telecom stocks, Frontier was a hard one to pass up,
considering the yield. The is an 8 billion dollar provider to
primarily rural communities. Last year they acquired a number of
assets from Verizon, broadening their business. I plan on holding
this a few quarters and see how the dividend pans out.
About those Banks....
Boy
the next presidential elections can't happen fast enough. Despite
the fact that the teleprompter said it would go anywhere in the support
of job creation, it certainly seems to take exception to the banking
and credit card industries. Small wonder considering its Marxist
/ Leninist leanings.
I think if you are considering banks,
now is a good time to do some buying if the intent is to hold for
the long term. The easy money has already been made but they
still look cheap.
Citigroup is planning on a ten for
one reverse split later on this year. Reverse splits are
generally a death knell for penny stocks but I don't think so in this
case. A $40.00 stock is more difficult to short than a $4.00 one
and, a $40.00 stock more than meets the minimum dollar criteria
required by most mutual funds and other institutional investors.
Increased institutional holdings will also help stabilize the stock
price.
Not
a pretty picture over the short term. I did end up selling my
position in Regions Financial to decrease exposure to the banking
sector. It is still rather high at 19% but I think some patience and a
slowly improving housing situation (whenever that happens) will add
strength to this area.
What Else.......
Here's the current portfolio allocation:
| Banks: |
18.98% |
| Telecom / Inet |
12.37% |
| Manufacturing |
12.61% |
| Food / Sin | 10.31% |
| Insurance |
6.10% |
| Real Estate | 5.42% |
| Tech |
4.60% |
| MF - G&I |
7.23% |
| MF - Value |
7.18% |
| MF - Small Cap |
4.51% |
| MF-Large Cap |
4.36% |
| Other | @ 6% |
Energy is missing because I think the sector is overpriced.
I'm primarily looking for value at this time. I think that is where the money is currently at. Time will tell.
Anally REIT Commentary
Bird Collection - taken with a Canon PowerShot SX30 IS
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