Pettit Funds

This pick is coming a little sooner than usual.

Ordinarily, I would have waited until next week to give you the tri-weekly selection, but since I’m leaving for Japan tomorrow (for about 2 1/2 weeks) this is my farewell gift.

I’m going with Perini Corporation (PCR)–and not just because that is how they pronounce our beloved Nebraska Cornhusker football coach’s name in Japan.

They seem to have good fundamentals, and as I researched it a bit I found an article at the FORBES site indicating that a number of the other Marketocracy gurus are buying the stock. So I guess this time I’m a sheep and not a shepherd.

Anyway, that’s my pick. Good luck!

Grim times.

Since I retired a year ago, I’ve lost over 1/3 of my net worth. Yikes!

But I’m still committed to being 100% in stocks. The market goes up. The market goes down. (Mostly down lately).

That level of risk is not for everyone–but I’m comfortable with it. The market has served me well over the long haul…just not lately.

So, taking a deep breath, here we go:

I’m selling off a lot of my losers. And I’m going to leave much of the proceeds in cash for just a while longer–not that I’m trying to “time the market”. I’m just having trouble finding anything interesting to buy. (But a lot of garbage that I’m happy to sell).

I am going to take a position in Graham Corporation (GHM), however. That was all I could find that still intrigued me.

Good luck, and hang in there.