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%
Tuesday, July 14, 2009
Sunday, June 14, 2009
Stock Of The Month: PDLI
For the second time in three months, I've selected a pharma stock...sort of.
PDL BioPharma, Inc. (PDLI) is somewhat similar to last month's pick, Cherokee, in that it manages a portfolio of licenses, patents and royalties. Its biggest sources of income are from Avastin (cancer), Tysabri (multiple sclerosis), and Synagis (respiratory virus). PDL does not manufacture or market these drugs, nor will it be investing in the development of new drugs, leading to steady cash flows and outstanding margins - and the ability to fund a 12% dividend.
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Southern Copper (PCU) 10.80%
Apple (AAPL) 9.19%
Dominion Resources Black Warrior Trust (DOM) 9.18%
Google (GOOG) 9.07%
Terra Nitrogen (TNH) 8.96%
Tesoro (TSO) 7.63%
Frontline (FRO) 5.95%
Ace Limited (ACE) 5.90%
The Distressed (AIG, BX, C, F, FNM, GM, JSDA, MOT, WFC, YRCW) 4.94%
American Software 4.87%
Atlas Energy Resources (ATN) 4.69%
Tidewater (TDW) 4.28%
Biovail (BVF) 3.60%
PDL BioPharma (PDLI) 3.50%
Cherokee (CHKE) 3.41%
Apache (APA) 3.12%
PDL BioPharma, Inc. (PDLI) is somewhat similar to last month's pick, Cherokee, in that it manages a portfolio of licenses, patents and royalties. Its biggest sources of income are from Avastin (cancer), Tysabri (multiple sclerosis), and Synagis (respiratory virus). PDL does not manufacture or market these drugs, nor will it be investing in the development of new drugs, leading to steady cash flows and outstanding margins - and the ability to fund a 12% dividend.
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Southern Copper (PCU) 10.80%
Apple (AAPL) 9.19%
Dominion Resources Black Warrior Trust (DOM) 9.18%
Google (GOOG) 9.07%
Terra Nitrogen (TNH) 8.96%
Tesoro (TSO) 7.63%
Frontline (FRO) 5.95%
Ace Limited (ACE) 5.90%
The Distressed (AIG, BX, C, F, FNM, GM, JSDA, MOT, WFC, YRCW) 4.94%
American Software 4.87%
Atlas Energy Resources (ATN) 4.69%
Tidewater (TDW) 4.28%
Biovail (BVF) 3.60%
PDL BioPharma (PDLI) 3.50%
Cherokee (CHKE) 3.41%
Apache (APA) 3.12%
Saturday, May 9, 2009
Stock Of The Month: CHKE
This month's choice is a stock that I've had my eye on for years, but never gotten around to buying - until now.
Cherokee (CHKE) is a marketer and licensor of fashion brands and trademarks. Their primary licensing agreement is an exclusive deal in the U.S. with Target. Predictably, there is little overhead associated with this business model - leading to incredible margins, return on assets, and return on equity - which in turn allows for no debt, positive cash flow, and a healthy 10% dividend yield.
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Terra Nitrogen (TNH) 10.96%
Dominion Resources Black Warrior Trust (DOM) 10.30%
Southern Copper (PCU) 9.59%
Google (GOOG) 9.17%
Apple (AAPL) 9.14%
Tesoro (TSO) 9.09%
Ace Limited (ACE) 6.02%
The Distressed (AIG, BX, C, F, FNM, GM, JSDA, MOT, WFC, YRCW) 5.76%
Frontline (FRO) 5.68%
American Software 4.96%
Tidewater (TDW) 4.25%
Atlas Energy Resources (ATN) 4.18%
Biovail (BVF) 3.36%
Cherokee (CHKE) 3.36%
Apache (APA) 3.28%
Cherokee (CHKE) is a marketer and licensor of fashion brands and trademarks. Their primary licensing agreement is an exclusive deal in the U.S. with Target. Predictably, there is little overhead associated with this business model - leading to incredible margins, return on assets, and return on equity - which in turn allows for no debt, positive cash flow, and a healthy 10% dividend yield.
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Terra Nitrogen (TNH) 10.96%
Dominion Resources Black Warrior Trust (DOM) 10.30%
Southern Copper (PCU) 9.59%
Google (GOOG) 9.17%
Apple (AAPL) 9.14%
Tesoro (TSO) 9.09%
Ace Limited (ACE) 6.02%
The Distressed (AIG, BX, C, F, FNM, GM, JSDA, MOT, WFC, YRCW) 5.76%
Frontline (FRO) 5.68%
American Software 4.96%
Tidewater (TDW) 4.25%
Atlas Energy Resources (ATN) 4.18%
Biovail (BVF) 3.36%
Cherokee (CHKE) 3.36%
Apache (APA) 3.28%
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