4 Real Money Trades
So after sitting in 70% cash and 30% mostly international stocks since August, I have decided to start buying up a few positions again.
The positions I purchased are:
GNK - I am always a sucker for these bulk water transportation companies.... BUT I just love these fundamentals. I can make a pretty sound argument for a fair price being about $30 for these guys.... Not sure when that will happen though...
IVAC - Like the trend in their quarterly data, I don't think its unfair to suspect a price of around $15/share for them.
ORN - Strong fundamentas, good yearly revenue growth. I expect 25$ price.
SWHC - Wanted to own something somewhat interesting. This company seems to be mispriced based on its fundamentals. Also, my new sentiment tool indicates that this company may see some strong upward movement within the next month. I think they deserve a 9$ price, but I dont think that is going to happen anytime soon.
As usual, I evaluated all these stock based on my fundamental tool which ranks them against 4,000 other stocks on 10 different indicators. I feel better about the economy now than I did in August (not a lot better, but better), and was ready to put a little back in.