Just one pick this time, and I’m kind of liking this one.
I’m going with Park-Ohio Holdings Corp. (PKOH), which is an industrial supply chain logistics and diversified manufacturing company in the United States, Asia, Canada, Mexico, and Europe. I’m not clear what that is, but I’m reading a book right now on supply chain logistics, so the purchase seems timely.
These picks strike me as a bit risky, so caveat emptor. I’m going to buy both of them today though.
First up is a nervous-making Grupo Financiero Galicia S.A. (GGAL) which is in the finance industry in Argentina. This is nervous-making because I know nothing about the finance industry in Argentina, PLUS I already purchased some Banco Macro S.A. (BMA)–another Argentinian financial stock–less than two months ago, possibly messing up my diversification. I suspect there may be some reason Argentinian (Argentine?) financial stocks are a bit depressed right now. Nevertheless, once more into the breach.
My other pick this time is Seaspan Corporation (SSW), which is in the shipping (on ships) business. Another business which I know very little about, but have made some money in during past years.