Pettit Funds

    Happy Thanksgiving tomorrow, everyone!

    My promised stock pick is Hurco Companies (HURC).  I hope it isn’t a ”turkey”.  (Heh heh)

     This stock ended up on my Magic Screen and I liked the fact that it was a computer-related company–I don’t own much tech, so this helps me diversify–and it is small and has a low P/E ratio (less than 10, as a matter of fact).  I loaded up on it. 

Good luck and Happy Investing!

    This time it is TELENOR ASA (TELN) –Norway’s tele-communications company. 

     Not one of my typical picks: this is a big multinational company. 

     I had taken close looks at Imperial Industries (IPII) and Tarragon Corp (TARR)–nice small companies with extremely low price-earnings ratios, but…I just can’t pull the trigger on them.  They’re both connected to the home-building industry, which is not doing very well these days.   Maybe next time…

I’m a little concerned about buying yet another European telecom company–I’d like to be more diversified.  I bought an Austrian phone company a month or two ago.  We’ll see.

On the other hand, I’m taking such a beating in the market yesterday and so far today, that I’m not sure I even want to listen to myself anymore, let alone have you pay attention…

Happy Investing!