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Eldrehad's Picks Reopening!

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May 14, 2009 – Comments (6)

Hello fellow Fools!

Those of you who followed my Eldrehad's Picks blog know that last year I closed the blog due to my changing role at the Motley Fool.  Well, fellow Fools, my role has changed once more -- which means I now have the opportunity to restart the blog.

For those of you who weren't around CAPS then, or perhaps missed it, Eldrehad's Picks is a separate blog by me in which I attempt to select one stock investing idea per month -- and present a full analysis and write-up in blog form for all to see.  I'm really looking forward to restarting the project as I had a lot of fun with it, and learned a lot too (and I hope some of you did as well).

I'll admit, however, that some small part of me is a bit nervous about restarting the project.  For starters, I think my Eldrehad's Picks track record was pretty good (though you should, of course, decide that for yourself) -- so there's some small temptation to rest on my laurels.  I'll never forget when one of my favorite Fools, one from whom I've learned so very much over the years, strongly criticised my very first pick, Red Robin.  Looking back, I think Seth had a darn good point to make -- and to be perfectly honest with myself, Red Robin probably was my weakest pick.  No, it hasn't been my worst performing, but it's the one on the list that I currently like the least (side note to Seth - while I'm not throwing in the towel yet, I have to admit that you're more likely than not to be getting that free lunch).

Red Robin wasn't the only pick that seemed to attract negative commentary.  My Jos. A. Bank pick came under fire from another Fool who perpetually inhabits one of the coveted Top Ten spots here in CAPS.  Turns out that as of this writing Jos. A. Bank is my best performing pick -- so when it comes to picks that draw fire from top-rated CAPS partipants, I guess going 1 for 2 isn't so horrible.

Nervousness aside, though, I'm looking forward to reopening the blog and putting it all on the line once again.  For those of you who didn't catch the blog the first time around, I strongly encourage you to read the Ground Rules -- it'll give you at least some idea of how I run the blog and what I will be attempting, once again, to accomplish.

If all goes as planned, I expect to have my first new pick posted in early June -- and whether it be one that knocks the proverbial cover off the ball, or one that really stinks up the joint, I hope that I and a few of you become slightly better investors as a result of learning together.

Regards,

Russell (a.k.a. TMFEldrehad)

6 Comments – Post Your Own

#1) On May 14, 2009 at 2:40 PM, SideShowMel0329 (48.16) wrote:

Those picks are much better than the ones you have in this profile.

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#2) On May 14, 2009 at 2:42 PM, SideShowMel0329 (48.16) wrote:

Eh, I misspoke, nevermind. I agree with a lot of your current picks.

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#3) On May 14, 2009 at 3:16 PM, Imperial1964 (97.78) wrote:

It will be good to have you back.

I happen to own two of your picks, JOSB and BOLT, though I didn't just take your word for them.  I'm curious to know what you still think of both of them.

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#4) On May 14, 2009 at 3:43 PM, ikkyu2 (99.31) wrote:

Russell, I have to say that I almost could care less whether your picks are right or not. I learn so much from looking over your shoulder as you talk about your ideas on how to do meaningful valuation of companies in these different sectors.  That's been very valuable to me.

I'm very much looking forward to reading your new picks. 

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#5) On May 14, 2009 at 5:18 PM, TDRH (99.68) wrote:

Glad you are back.   Anticipate another leg down before the end of the year, but if you separate the wheat from the chafe, the picks that you make during the panic that ensues could lead to multi-baggers.

I was wrong on my response to JOSB, still do not understand it, still think it is going to fall by the wayside, but I am not betting against it. 

 

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#6) On May 16, 2009 at 12:49 PM, foolsMeThrice (99.64) wrote:

I'm glad to hear this, I will be following closely.

It would be interesting if you could also do anaylsis on companies that you simply rather wait and put on your watch list or something of that nature.

 

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