One of "The Distressed" has graduated to the big leagues.
This past February, I described Blackstone (BX) as "the weasels that sold high on the hedge fund craze". Those same weasels managed to double their stock's value in the past 5 months. They also declared their 13% dividend yield to be safe for this year. Aside from that, investors can only trust that Blackstone knows more than the general market, and can execute more effectively than the competition.
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Apple (AAPL) 10.17%
Southern Copper (PCU) 9.68%
Google (GOOG) 9.66%
Terra Nitrogen (TNH) 8.63%
Dominion Resources Black Warrior Trust (DOM) 8.46%
Tesoro (TSO) 6.25%
Ace Limited (ACE) 6.07%
American Software 5.23%
Frontline (FRO) 4.79%
Atlas Energy Resources (ATN) 4.18%
Biovail (BVF) 4.08%
Tidewater (TDW) 4.00%
PDL BioPharma (PDLI) 3.69%
The Distressed (AIG, C, F, FNM, GM, JSDA, MOT, WFC, YRCW) 3.59%
Blackstone (BX) 3.54%
Cherokee (CHKE) 3.50%
Apache (APA) 2.77%
