Time for the Next Portfolio Reshaping

I will admit, I don’t feel much like doing my portfolio reshaping now, even though it is a part of my management discipline, because the portfolio has been kicked around.  Not much worse than the rest of the market, though, and there are some stocks that look interesting that could be worth considerably more three years out.  As you look through my tickers list for candidates for addition, you’ll see a few commonalities:

  • Energy (still)
  • Industrials (still)
  • Retail (now, that’s new)
  • Insurers (many still cheap, particularly some stronger operators, also title names)
  • Technology (different for me)
  •  A few odd real estate names (not likely, but there are some places where values are protected)

So, the process begins.  Within a few days, I’ll run my industry model, and do a few screens off of it, adding a few more tickers.  Beyond that, I invite you to send me ideas as well.  Last time, ideas suggested by readers made up two of the four new names that I bought.  So, send them in, and thanks as always for reading me.

The replacement candidate tickers:   AA ABK ACIW AEO AES AIG AIT ALL APA APL ARM ARO ARW ASGN ATU ATW AVCA AVZA AZ BAC BCS BER BGP BKE BKS BRO BRY CACC CAE CAKE CALL CAMD CBL CCRT CHS CNQ CNX COF COST CQP CRI CRK CRZO CSCO CSG CSGS CSL CTLM DDS DFG DITC DLB DNR DRI DTLK DVN EAT EEP EFII EMC ENWV ESST ESV EXAR EXTR FLEX FNF FNM FRE FSII GCA GLW GPC GS GSIT GSK GW HAS HCC HCSG HD HIG HILL HMC HOC HOG HOLX HPQ IDTC INAP INFN INSP INT INTC IRE ISSI JCG JCP JEC JRT JWN KEM KFT KSS LINE LM LOOK LRW LUV LYG MAN MAS MDC MHK MHP MHS MMC MNST MTSC MTW MU MUR MVC MW MWA NOV  NSH NSR OII OMX ORI OXY PCZ PDC PDE PDII PDS PHLY PNCL PNRA POL PROS PTEN PVSW RAMR RAVN RGA RIG RNIN RNWK SCMR SGP SIMG SKS SKSWS SKX SLXP SNY SPN SSTI SSW STC STI SU SWK T TECH TECUA TEX TGI TLGD TMTA TM TNB TOT TRID TRLG TSO TWB UFS UNP URBN USG VFC VMC VNR VPHM WAG WCG WDC WHQ WLL WSM WSTL WU WWW XL XTEX XTO

PS — Though I don’t feel like doing it, I didn’t feel like doing it in the Fall of 2002 either,and some of my best picks came then.  So, discipline before feelings.