Nov 8, 2013 Benchmark Investing (BI) Selections
This week I will continue to trim my holding as valuations continue to climb and no new entries are cheap enough to add. Here is a snapshot of this week’s activities.
This week’s candidates:
IGT (Intl Game Technologies) http://caps.fool.com/Ticker/IGT.aspx– a Long position taken nearly a year ago that continues to perform well on the sales and earnings front. Decision: Hold
APA (Appache) http://caps.fool.com/Ticker/APA.aspx– a recent Long position taken. Company has some risky prospects with much of its business in the Middle East region, although they have been selling off some assets of late. The stock is very much undervalued with a good deal of upside potential. Decision: Hold
NBR (Nabors Industries) http://caps.fool.com/Ticker/NBR.aspx– another Long position, but unlike the others, this one seems to have run its course. BI technicals indicate this position should now be sold. Its current valuation is above both the BI downside and upside price targets. As a result I will close this position. Decision: Sell
Every week a refresh of key financial data, stock prices, and economic data are evaluated. This information is analyzed using Kenneth Lee's selection process as described in “Trouncing the Down". Individual stocks are selected based on their relative valuation. The systematic approach allows for a scientific based decision making to buy and sell stocks. This mechanical investing approach has proven to yield superior results over time.
Each week a broad set of stocks are considered to be bought, sold, or held as part of the process. Also indicated is if the pick is a Long or Short candidate as well as if it they are New or Current holdings.
Tickers discussed here: IGT, NBR, APA