Stocks to look at
Many people think I'm too bearish. But, contrary to what it may seem, I do actually buy stocks as well as shorting them. Here's a quicklist of stuff that's interesting at current prices.
RJET (Republic Airways) -- The owner of Frontier, Midwest, and several smaller regional airlines, RJET is positioned as an interesting growing player in the airline space. I expect profit margins to be decent in the air space as jet fuel prices have been contained recently. Frontier will have a big battle ahead of itself with Southwest and United in Denver, but my understanding of the situation -- I live in CO and often fly out of Denver, is that Frontier will be able to capitalize on superior service and hometown loyalty enough to survive and perhaps do better than that for quite awhile. The stock is trading down on news that the company may buy American Eagle airlines, American's regional carrier, which should not be as bearish to RJET as the market is acting.
TSO (Tesoro) -- We have an opportunity to buy TSO at a 52 week low and near the 08 lows. Unless Americans are going to quit using gasoline, TSO has a solid future ahead of it. While crack spreads (profit margins for refiners) aren't great now, they generally pick up in the summer and/or hurricane season, and refiners generally will artificially constrain supply (oh, um, yeah, we need to uh, "repair" all of our refineries for the next two weeks) to get their profit margins back up. Consider that oil prices appear to be drifting lower, and things are looking good for refiners in general and TSO in particular.
TGB (Taseko Mines) -- Haven't owned or traded this one in ages (last bought it in the 2's in 2007), but it is interesting again as a government agency threw cold water on TGB's efforts to get their Prosperity mine permitted. It is highly unlikely that this block will be permanent, and as such, TGB should recovery sharply when Prosperity carries on. The company has a successful mine already operating -- the Gibralter mine can sustain the company for quite awhile, but once Prosperity comes back into the picture, look for the stock to head toward the 5s.
Other stocks I'm watching and thinking of buying: JAG, RIG, IKAN, CLMT, HAWK, BSPM