Friday File Begins: Catching up with some old “favorites”

Last week I promised that I would be writing a special note of some kind just for the Stock Gumshoe Irregulars each Friday — I’ll be calling this feature the Friday File, and it will include whatever I think might be interesting to share with you each week, whether it’s a new stock teaser unraveling that I don’t include on the main site, or some additional commentary, or news or analysis of the stocks I own or frequently write about … well, you get the idea: A hodgepodge.

And of course, one of those monthly Friday’s, somewhere in the middle of the month, will continue to be the “Idea of the Month” article, like the one I shared with you last week about Sprott Resource Corp.

Today, since I haven’t been including enough updated info on several of the stocks I’ve shared with you in prior “Idea of the Month” reports, I’m going to catch you up with my current feeling about a few of those stocks — particularly, the earlier picks, many of which have done much worse than the overall market to this point.

First, I should make clear for those who are new to the scene that there are some of those stocks I wouldn’t recommend today, or that I’ve already written negative things about since the initial “Idea of the Month” article where they were featured, so let’s look at those first.

General Steel Holdings (GSI) — this is a small Chinese steel company, and with divisions that focus on rebar and on pipeline steel it should be well positioned for Chinese infrastructure buildout. But it’s also a minnow in a sea of state-controlled companies, and steel in general is a troubled business with the wildly inconsistent international market making prices jump around like crazy, which has hurt profits and outlook for most of the big steel companies. Things may well be looking up for GSI since I wrote cautiously about them back in early January, but I would continue to stay away from GSI unless you’re confident in Chinese infrastructure demand … and in their ability to profit in an extremely competitive environment. I may be too cautious here, since the company was built on the promise of forcing efficiencies onto small old state-controlled firms and they may well succeed, but it’s too opaque for me right now.

Loews Corp (L) ...

Sign Up for a Premium Membership

To view the rest of this article (and to have full access to the rest of our articles), sign up.
Already a member, log in.

Become a member

This site and Stock Gumshoe publications and authors do not offer individual financial, investment, medical or other advice. Nothing on this site should ever be considered to be personal advice, research or an invitation to buy or sell any securities. We also make mistakes and bad decisions sometimes, and our reasoning or data should be checked against trusted sources before they inform your investing decisions. Choices regarding how to invest your money or otherwise manage your life or finances are yours, we share only our analysis and opinion and all authors or commenters are individually responsible for the words and opinions they share here. Please read our important disclaimers and policies. Stock Gumshoe is supported by subscribers and by sponsors and advertisers. Stock Gumshoe's employee authors will disclose holdings in any stock covered at time of publication and will not trade in any stocks written about for at least three days after publication. Please see below for complete disclosure, disclaimer and policy information.