Well, I’m going to come out from under the bed and try and give you some picks again.
My last one was back in February, when I finally “lost my faith”. I’ve actually made several selections for myself since then (but not posted here), and all have done fairly well. CALM, recommended here on Feb. 19, is up only 3%, but SBS, recommended the same day, is up 52%. The market as measured by the S&P 500 is only up 16% since then (through end of May).
Unpublished picks since then all have made money: CVA and AMX, both picked on March 11 are up 18% and 46% respectively; STLD, CLF, MBT, and POT (yes, I scored some POT) are up 79%, 54%, 36% and 46% respectively; IAAC bought on April 6 is up 37%; TLVT, bought April 23 is up 22%; and AZZ bought May 14 is up 23% (all through end of May). Having quite a run… (Frankly, it would seem that my forte is picking winners in “up” markets, as I barely hold my own when the market goes down for any length of time).
So let’s try this again: Today’s pick is Brasil Telecom Participacoes S.A. (BRP), which I actually recommended back in June, 2008, when it was $82 per share and it promptly went down to $39. Oops. It’s at about $45 per share now and I’m going back in. I’ll be taking a smaller position in EZCORP (EZPW), which is another stock that I recall having owned a while back and not having done well with. They run a chain of pawnshops. This is a risky one and my first foray back into buying in the financial sector in a while. I feel good about the Brasil Telecom, though.
Good luck!
