The Aleph Blog » Blog Archive » Portfolio Reshaping Mid-Year 2007, Part 2

Portfolio Reshaping Mid-Year 2007, Part 2

Here are my current industry ratings.  Using my Bloomberg Terminal, I  ran a screen looking for cheap companies in those industries.  The result yielded eight tickers:


I also added in the top 12 tickers from the last time that didn’t make it into my portfolio, and aren’t on the current list.  Here are the tickers:


If you have other stock ideas for me, let me know (post a comment!).  Remember that I am a value investor.  I like them cheap.

Aside from any names that readers might give me, my list of possible replacements is done.  All that is left is to run my valuations/technicals model, and think about what to but and sell.  Early next week, I will run those models, and make the decisions by Independence Day.

Industry Rotation, Portfolio Management, Quantitative Methods, Stocks, Value Investing | RSS 2.0 |

2 Responses to Portfolio Reshaping Mid-Year 2007, Part 2

  1. Scott McCartney says:

    David, you might consider LECO. It’s one of my favorite names. I own personally and we owned/sold (too soon) in work strategies. The largest pure-play welding company; equipment and comsumables. Business is very solid and not reflected in valuation. I view the company as an indirect infrastructure play, the proverbial arms merchant. Good luck trying to exploit their IR department — essentially non-existent. Low profile? How about NO profile. Good luck hunting.

  2. Thanks, Scott. I will add this one in also.


David Merkel is an investment professional, and like every investment professional, he makes mistakes. David encourages you to do your own independent "due diligence" on any idea that he talks about, because he could be wrong. Nothing written here, at RealMoney, Wall Street All-Stars, or anywhere else David may write is an invitation to buy or sell any particular security; at most, David is handing out educated guesses as to what the markets may do. David is fond of saying, "The markets always find a new way to make a fool out of you," and so he encourages caution in investing. Risk control wins the game in the long run, not bold moves. Even the best strategies of the past fail, sometimes spectacularly, when you least expect it. David is not immune to that, so please understand that any past success of his will be probably be followed by failures.

Also, though David runs Aleph Investments, LLC, this blog is not a part of that business. This blog exists to educate investors, and give something back. It is not intended as advertisement for Aleph Investments; David is not soliciting business through it. When David, or a client of David's has an interest in a security mentioned, full disclosure will be given, as has been past practice for all that David does on the web. Disclosure is the breakfast of champions.

Additionally, David may occasionally write about accounting, actuarial, insurance, and tax topics, but nothing written here, at RealMoney, or anywhere else is meant to be formal "advice" in those areas. Consult a reputable professional in those areas to get personal, tailored advice that meets the specialized needs that David can have no knowledge of.

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