This month's stock is Amazon (AMZN), a repeat choice from February 2012 and May 2012. Every once in a while, I will decide that a stock I already own is deserving of a larger allocation in my portfolio, aside from its current valuation. It takes focus away from "key statistics" (even though I somewhat lazily updated the "Positives/Negatives" below), and towards the goal of simply accumulating shares of great companies.
Amazon (AMZN)
Positives:
$124B market cap: roughly equal to VMware ($32B) + Target ($43B) + Netflix ($10B) + 10% of Apple (iPad and iTunes) ($39B)...plenty of upside here.
Massive revenues ($61B) and growth (22%).
Clean balance sheet ($11B cash, $4B debt).
Negatives:
Expensive 76 forward P/E.
Low margins (1% operating, 0% profit).
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Apple (AAPL) 11.51%
Google (GOOG) 9.21%
Southern Copper (SCCO) 6.85%
Baidu (BIDU) 5.62%
Intuitive Surgical (ISRG) 5.40%
Amazon (AMZN) 5.10%
Ace Limited (ACE) 4.60%
American Capital Agency (AGNC) 4.37%
Annaly Capital Management (NLY) 3.77%
American Software (AMSWA) 2.94%
Tesla Motors (TSLA) 2.93%
Blackstone (BX) 2.68%
Kinder Morgan Energy Partners (KMP) 2.59%
McDonald's (MCD) 2.25%
Prospect Capital (PSEC) 2.23%
Apache (APA) 1.99%
Intel (INTC) 1.91%
DuPont (DD) 1.87%
Vodafone (VOD) 1.87%
Under Armour (UA) 1.74%
BreitBurn Energy Partners (BBEP) 1.66%
Ansys (ANSS) 1.64%
International Business Machines (IBM) 1.53%
Nike (NKE) 1.50%
ConocoPhillips (COP) 1.44%
Computer Programs and Systems (CPSI) 1.43%
China Mobile (CHL) 1.42%
American Express (AXP) 1.41%
F5 Networks (FFIV) 1.39%
3D Systems (DDD) 1.38%
Wells Fargo (WFC) 1.30%
Microsoft (MSFT) 1.16%
The Distressed (BEBE, GSOL, LZB, MSI, PCS, RVR) 1.15%
Tuesday, March 5, 2013
Wednesday, February 6, 2013
Stock Of The Month: NKE
This month's pick is a swoosh...
Nike (NKE)
Positives:
+$3.2B cash minus debt.
Massive operating free cash flow ($2.5B).
Dividend increased for 25 consecutive years, currently yielding 1.6%.
Negatives:
Negative earnings growth (-18%).
Mild profit and operating margins (8% and 12% respectively).
Low insider ownership (0.27%).
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Apple (AAPL) 12.40%
Google (GOOG) 8.54%
Southern Copper (SCCO) 7.38%
Baidu (BIDU) 6.06%
Intuitive Surgical (ISRG) 5.64%
Ace Limited (ACE) 4.54%
American Capital Agency (AGNC) 4.26%
Annaly Capital Management (NLY) 3.60%
Amazon (AMZN) 3.23%
Tesla Motors (TSLA) 3.19%
American Software (AMSWA) 2.97%
Blackstone (BX) 2.64%
Kinder Morgan Energy Partners (KMP) 2.62%
Apache (APA) 2.30%
Prospect Capital (PSEC) 2.27%
McDonald's (MCD) 2.23%
Vodafone (VOD) 1.96%
Intel (INTC) 1.86%
DuPont (DD) 1.81%
BreitBurn Energy Partners (BBEP) 1.77%
3D Systems (DDD) 1.74%
Under Armour (UA) 1.73%
F5 Networks (FFIV) 1.59%
Ansys (ANSS) 1.56%
International Business Machines (IBM) 1.49%
Nike (NKE) 1.47%
China Mobile (CHL) 1.42%
ConocoPhillips (COP) 1.42%
American Express (AXP) 1.34%
Computer Programs and Systems (CPSI) 1.30%
Wells Fargo (WFC) 1.25%
Microsoft (MSFT) 1.11%
The Distressed (BEBE, GSOL, LZB, MSI, PCS, RVR) 1.09%
Nike (NKE)
Positives:
+$3.2B cash minus debt.
Massive operating free cash flow ($2.5B).
Dividend increased for 25 consecutive years, currently yielding 1.6%.
Negatives:
Negative earnings growth (-18%).
Mild profit and operating margins (8% and 12% respectively).
Low insider ownership (0.27%).
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Apple (AAPL) 12.40%
Google (GOOG) 8.54%
Southern Copper (SCCO) 7.38%
Baidu (BIDU) 6.06%
Intuitive Surgical (ISRG) 5.64%
Ace Limited (ACE) 4.54%
American Capital Agency (AGNC) 4.26%
Annaly Capital Management (NLY) 3.60%
Amazon (AMZN) 3.23%
Tesla Motors (TSLA) 3.19%
American Software (AMSWA) 2.97%
Blackstone (BX) 2.64%
Kinder Morgan Energy Partners (KMP) 2.62%
Apache (APA) 2.30%
Prospect Capital (PSEC) 2.27%
McDonald's (MCD) 2.23%
Vodafone (VOD) 1.96%
Intel (INTC) 1.86%
DuPont (DD) 1.81%
BreitBurn Energy Partners (BBEP) 1.77%
3D Systems (DDD) 1.74%
Under Armour (UA) 1.73%
F5 Networks (FFIV) 1.59%
Ansys (ANSS) 1.56%
International Business Machines (IBM) 1.49%
Nike (NKE) 1.47%
China Mobile (CHL) 1.42%
ConocoPhillips (COP) 1.42%
American Express (AXP) 1.34%
Computer Programs and Systems (CPSI) 1.30%
Wells Fargo (WFC) 1.25%
Microsoft (MSFT) 1.11%
The Distressed (BEBE, GSOL, LZB, MSI, PCS, RVR) 1.09%
Saturday, January 5, 2013
Stocks Of The Month: ANSS, DDD
Leading off 2013 are two high-growth stocks, from a technology that has inspired many web puff pieces and banner ads...3D "printing".
3D Systems (DDD) seems the obvious choice to cover the hardware side. The software choice was more interesting - at first I thought of buying Autodesk, but Dassault Systemes is larger in market cap and has better fundamentals. Dassault, however, is thinly traded as an foreign, over-the-counter stock. Finally, I found Ansys (ANSS), slightly smaller than Autodesk but with fundamentals similar to Dassault.
Ansys (ANSS)
Positives:
Good profit and operating margins (25% and 37% respectively).
Positive revenue (14%) and profit (13%) growth.
Negatives:
Mild ROA (7%) and ROE (11%).
Low insider ownership (0.76%).
3D Systems (DDD)
Positives:
Explosive revenue (57%) and earnings (87%) growth.
Positive fundamentals across the board, rare for a quickly-growing company.
Negatives:
Wildly expensive 86 P/E, though forward 37 P/E is slightly better.
Heavily shorted (43%).
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Apple (AAPL) 14.70%
Google (GOOG) 8.42%
Southern Copper (SCCO) 7.28%
Baidu (BIDU) 6.63%
Intuitive Surgical (ISRG) 5.07%
Ace Limited (ACE) 4.49%
American Capital Agency (AGNC) 4.33%
Annaly Capital Management (NLY) 3.69%
Amazon (AMZN) 3.28%
American Software (AMSWA) 2.94%
Tesla Motors (TSLA) 2.88%
Kinder Morgan Energy Partners (KMP) 2.59%
Blackstone (BX) 2.40%
Apache (APA) 2.32%
Prospect Capital (PSEC) 2.29%
McDonald's (MCD) 2.16%
Intel (INTC) 1.93%
Vodafone (VOD) 1.93%
DuPont (DD) 1.80%
Under Armour (UA) 1.75%
BreitBurn Energy Partners (BBEP) 1.67%
3D Systems (DDD) 1.57%
China Mobile (CHL) 1.56%
Ansys (ANSS) 1.52%
ConocoPhillips (COP) 1.52%
F5 Networks (FFIV) 1.48%
International Business Machines (IBM) 1.48%
Computer Programs and Systems (CPSI) 1.43%
American Express (AXP) 1.36%
Wells Fargo (WFC) 1.28%
Microsoft (MSFT) 1.12%
The Distressed (BEBE, GSOL, LZB, MSI, PCS, RVR) 1.05%
3D Systems (DDD) seems the obvious choice to cover the hardware side. The software choice was more interesting - at first I thought of buying Autodesk, but Dassault Systemes is larger in market cap and has better fundamentals. Dassault, however, is thinly traded as an foreign, over-the-counter stock. Finally, I found Ansys (ANSS), slightly smaller than Autodesk but with fundamentals similar to Dassault.
Ansys (ANSS)
Positives:
Good profit and operating margins (25% and 37% respectively).
Positive revenue (14%) and profit (13%) growth.
Negatives:
Mild ROA (7%) and ROE (11%).
Low insider ownership (0.76%).
3D Systems (DDD)
Positives:
Explosive revenue (57%) and earnings (87%) growth.
Positive fundamentals across the board, rare for a quickly-growing company.
Negatives:
Wildly expensive 86 P/E, though forward 37 P/E is slightly better.
Heavily shorted (43%).
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Apple (AAPL) 14.70%
Google (GOOG) 8.42%
Southern Copper (SCCO) 7.28%
Baidu (BIDU) 6.63%
Intuitive Surgical (ISRG) 5.07%
Ace Limited (ACE) 4.49%
American Capital Agency (AGNC) 4.33%
Annaly Capital Management (NLY) 3.69%
Amazon (AMZN) 3.28%
American Software (AMSWA) 2.94%
Tesla Motors (TSLA) 2.88%
Kinder Morgan Energy Partners (KMP) 2.59%
Blackstone (BX) 2.40%
Apache (APA) 2.32%
Prospect Capital (PSEC) 2.29%
McDonald's (MCD) 2.16%
Intel (INTC) 1.93%
Vodafone (VOD) 1.93%
DuPont (DD) 1.80%
Under Armour (UA) 1.75%
BreitBurn Energy Partners (BBEP) 1.67%
3D Systems (DDD) 1.57%
China Mobile (CHL) 1.56%
Ansys (ANSS) 1.52%
ConocoPhillips (COP) 1.52%
F5 Networks (FFIV) 1.48%
International Business Machines (IBM) 1.48%
Computer Programs and Systems (CPSI) 1.43%
American Express (AXP) 1.36%
Wells Fargo (WFC) 1.28%
Microsoft (MSFT) 1.12%
The Distressed (BEBE, GSOL, LZB, MSI, PCS, RVR) 1.05%
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