Friday File Hodgepodge of Portfolio Thoughts


There’s been a lot going on among the stocks that I own and those that I’ve written a lot about for you over the years, so I have a bit of updating to share when it comes to my thoughts … first, some thoughts on two large personal holdings that I’ve never suggested in the “Idea of the Month” but have written about a lot.

People know that Africa Oil (AOI.V AOIFF) and Sandstorm Gold (SAND SSL.TO) are two of my largest holdings, so they ask about these picks pretty much every week — for me, Sandstorm Gold is a core holding and I’m not interested in adding to it here … but as I’ve mentioned a few times, I have sold puts on my stock so I’m willing to buy more if it drops below $10 and becomes genuinely inexpensive again. If you’d like a more sober analysis of the stock, there was a piece at Seeking Alpha last week that argued for valuing Sandstorm based not on cash flow but on their reserves, and on that metric they ...

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