Two picks today, and I feel fairly okay with them.
The first one is a stock appearing on my screen a second time. I owned it years ago and lost half of my money on it–I’m going to give it another chance. It is Consumer Portfolio Services, Inc. (CPSS), which is in the auto financing business.
The second one is CalAmp Corp. (CAMP), which does something with wireless communications–internet, etc.
Yo, Switzerland! Can I vote on whether the religious symbol on your flag is offensive?
From THE GUARDIAN:
The Swiss are to decide this weekend whether to ban minarets on mosques, in what is in effect the first direct vote in a European country on Islam and the practices of Muslims.
The controversial referendum on Sunday, accompanied by a prohibition campaign denounced as racist and in violation of human rights, is the latest tussle in Europe over the limits of multiculturalism and immigrant lifestyles.
Pushed by anti-immigrant rightwing populists, it has triggered months of debate in a country that uses direct democracy for single-issue politics. The referendum has turned into much more than a vote on architecture and urban planning.
“The minaret has got nothing to do with religion. It’s a symbol of political power, a prelude to the introduction of sharia law,” argued Ulrich Schlüer, of the rightwing Swiss People’s party, an architect of the campaign….[Rest of article]
A couple of unenthusiastics picks today–one of them downright cynical.
First up, I am going to venture back into Triumph Group, Inc. (TGI), which I picked up about 4 years ago and made decent money on. I sold it a couple of years ago and it kept going up and up (about quadruple what I originally paid for it), and now it’s back on my radar.
Irritated that I didn’t just hold onto it all this time (but that’s not what I do–I generally sell after a couple of years) I decided to lose all of my moral compass and pick up some stock in gun manufacturer Sturm, Ruger & Co. Inc. (RGR). I am an adamant anti-gun guy, so this is a “if you can’t beat ‘em, join ‘em” decision on my part. Maybe I’ll give all of my bloody earnings to charity or somesuch. Hold your nose and pick some up.
The unusual one is Delta Galil Industries Ltd. (DELTY), which is an Israeli company making undergarments and socks. I’m sure there’s a joke in there somewhere–a really, really offensive one–but I’m going to pass. It showed up on my screen, it’s been on a bit of a run since late summer, and so I’m going to pick up a little.
I have three unenthusiastic picks this time around since nothing really jumped out at me. I’ll take smaller positions in all three. First up is Cedar Fair, L.P. (FUN), which owns a bunch of amusement and water parks. See why I’m not enthused?
My second pick is RF Industries, Ltd. (RFIL) which is in the electronics business (even though I think I have plenty of electronics stocks already–I may have to take a closer look at my diversification soon).
And lastly, I’m going to get some iGATE Corporation (IGTE), which provides outsourced information technology and IT-enabled operations services.
I’m taking a pass this time. No new pick. I did take a hard lock at Agrium Inc. (AGU), which makes agricultural products–fertilizer, chemicals, etc.–and that is what I’d be buying this week…if I was buying.
But this time around my screen just wasn’t finding much of interest and I think I’ll just hang on to what I’ve got until the next time.
Let me know how you do with Agrium, if you end up buying it.