I think we need to be careful with this one, but I’ve decided to buy some hhgregg, Inc. (HGG), which is a retailer of home electronics.
I don’t expect much action from it for a while, but hope that it outperforms the market long-term. Again: Be careful.
This month’s picks: Ballantyne Strong, Inc (BTN), a lightly traded theater and lighting system (?!) company. Small price/earnings ratio, small volume. Showed up on the screen, so I’m going with it.
I’m also picking up Telecom Argentina S.A. (TEO), which also has a pretty small p/e ratio–something I always look for.
The market tanked Wednesday (as I’m writing this) after having been pretty decent to me over the last month or so. I’m optimistic about the economy “getting better”, regardless of who was elected. It’s time!