American Software (AMSWA) is a developer of supply chain management and enterprise resource planning software, applicable across a wide variety of industries. Their business should get better as the broader economy turns healthier. They are a microcap at just $86 million, yet have $60 million in cash and no debt on their balance sheet. AMSWA is also very inexpensive, trading at just 11x forward P/E. But the real reason to own them is (not surprisely - for me) the huge dividend yield of 9.4%.
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Terra Nitrogen (TNH) 15.38%
Google (GOOG) 11.14%
Tesoro (TSO) 11.07%
Southern Copper (PCU) 9.82%
Dominion Resources Black Warrior Trust (DOM) 9.75%
Apple (AAPL) 9.51%
Ace Limited (ACE) 7.14%
Frontline (FRO) 5.69%
American Software 4.71%
Tidewater (TDW) 4.40%
The Distressed (AIG, BX, C, F, FNM, GM, JSDA, MOT, WFC, YRCW) 4.03%
Atlas Energy Resources (ATN) 3.53%
Apache (APA) 3.10%
