by Travis Johnson, Stock Gumshoe | November 4, 2011 5:14 pm
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Source URL: https://www.stockgumshoe.com/2011/11/portfolio-notes-for-a-delay/
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Hi Travis,
what would be your best buys at this time?
I’ve personally been most drawn to Sandstorm Metals and Energy and Sprott Resource Lending lately, but that’s mostly because I think the market is not really taking fair account of their cash flow potential for different reasons (Sandstorm is so small and just getting started, Sprott Resource Lending is still transforming and just barely restarted their dividend) — but those also would increase my commodity exposure. I’ve also been thinking more about near-cash-value blank check companies, including Blue Wolf Mongolia, which I own, and Justice Holdings (JUSH in London), which I don’t. For stocks I own with catalysts I see a lot to like in Canyon Services going into earnings early next week and into a very strong “rebound” season. And I would love to see a substantial dip that let me buy more of Berkshire or Apple. Those are the thoughts that most frequently flitter around my skull in recent days, though I always hope that my best idea will be the one I read about tomorrow morning.
Hi Travis…impressed so far!! What is this nonsense (?) by Bryan Perry re:The $1720 iPhone miracle…
Haven’t seen that one yet, but I’ll try to take a look.
Very helpful Travis! I appreciate this as I am trying to protect my family’s future and have recently started investing separately from my IRAs. I’m assuming these investments would be a little too aggressive for an IRA portfolio. Do you (or anyone else) recommend a website at all for IRA investment planning or do you think the Gumshoe’s current portfolio concept could be used in an IRA?
I think I’m probably an odd duck — I hope folks get some interesting ideas from my portfolio holdings, or perhaps learn something from what I write, but every individual has very different needs and risk tolerance and income levels and sentiments about the future of the global economy. Most of the folks reading this site, if my statistics are to be believed are 20 years older than I am and therefore have considerably different priorities, so I can’t even pretend to give advice that would apply to any reader’s situation (and if I did, the SEC would bang on the door and start yelling at me). I have ended up with a portfolio that is fairly commodities-heavy, and that has large weightings in a number of small companies with which I have a high comfort level, but that’s been the result of bottoms-up choosing stocks and ideas to follow, not the fulfillment of a specific strategy that led me to this odd looking portfolio.
And frankly, I have enough positions, and enough small old 401k mutual funds stuffed away in various corners, that in the end my whole portfolio can often spend long periods of time behaving very similarly to a broad index fund. I’m not entirely sure that this is worth it if you don’t happen to have long-term compounding ambitions or to enjoy researching stocks like I do. Though my performance lately has looked great when gold, oil, and iron ore have boomed and sub-par when those commodities have dipped, so I rely on whatever ability I might have — some days are stronger than others — to ignore fluctuations that would distract me from the horizon and distract me from the management, assets, or growth potential that made me choose the companies I own.
Hi Travis,
I am new to this and am only glad that my wife discovered your website before i was able to throw away some money to some of those ‘teasers’ outthere. Really want to complement you on your great work. I have learned a lot just by reading your files and especially since i joined the irregulars now. I love that name, ‘Irregulars’, and hope that you will continue your good work as long as you have fun with it.
All the Best and greetings from Germany.
Herbert
Hi Travis,
Thanks again for your service. I was delighted to see Sandstorm Gold at the top of your list as both Sandstorm sisters are my most important investment. SME is so undervalued right now I sometimes think it’s to good to be true but I continue to add to my position. SG will make me very happy 10 years from now when I retire. I understand that Nolan Watson will be reporting earnings and addressing the stock holders around Nov. 20th. I would suggest anyone interested in buying Sandstorm should look up Nolan’s Bio and listen to some of his interviews. Evertime this guy opens his mouth I look around for more money to invest. If you have a 2015 or longer outlook you should be heavy into Sandstorm. Thanks. Jennifer
Travis,
Regarding your SG warrants, did you buy them OTC or participate in a private placement?
Chris
I have a few that I bought OTC on the pink sheets, but most of my holdings are in the Toronto listed version of the warrants. The first warrants, not the series A.
hi, thanks for your work;what about Arcelormittal [mt],is the timing ok? Do you put any stop loss on any of your stocks? thanks
Travis,
I’m going to ask a real stupid question but just in case there’s someone else out there that doesn’t know the answer here goes.
Can I somehow buy shares of Sandstorm as a Christmas gift for someone that doesn’t have an investment account? Certificates maybe? Anyone? Thanks. Jennifer
Travis, Have you sold your NEP or are you still holding a few shares. Larry
I haven’t owned NEP stock, but I have a couple times speculated on NEP options — and I do still hold some Jan call options on NEP, which seem destined to expire worthless. Lots of Chinese oil excitement sure withered away in the year after I wrote about that one, thanks in part to their accounting problems. I wrote that it’s only for the ulcer-prepared back in January and that’s probably still true, though I haven’t checked the detailed findings lately.
Do you think Sandstorm resources is still a good bargain stock at the current price of C$1.35?
Sorry for the typo above – Sandstorm gold, not resources?