Trade Log: Recent Trades
Somebody asked, "Hey Dave what are you buying lately?" Here is my answer, I haven't blogged the reasons for these trades and I should but I've been busy on magazine issues and last weekend's birthday bash. But here's a log for the last couple weeks.
Bought (Initial) Alcoa (AA) at $28.04 - ouch! I thought all the bad news was already in the price I'm starting to like industrials. I'll have to pick up more if it drops. (this is why you never buy all at once)
Bought (additional) Seaspan (SSW) at $22.05 - if oil is cheap they are still going to have to ship it and ship everything. Also, these guys keep growing. I like the REIT format of this company.
Bought (additional) Vanguard Pacific ETF (VPL) at $63.75 - this super low cost ETF is my favorite way to play Asia.
Bought (additional) Plum Creek Timber (PCL) at $34.46 - just adding a bit. Stock is a bit rich so I'll wait to really buy more.
Bought (additional) Deutche Telecom (DT) at $15.58 - So cheap. Cheapest Telecom stock I can find.
Bought (additional) Seaspan (SSW) at $22.21
(what did I sell? - employee stock of my old employers - just a bit though)
Disclosure: I own every stock mentioned above.
Disclaimer: Nothing in this blog is meant to be specific financial advice or a recommendation to buy or sell. I do not give investment advice. Do your own research. Do not rely on anything in this weblog to make investment decisions. I do not log all my trades here. I only describe or mention those that I think might be interesting. Consult an investment professional familiar with your specific financial situation before buying or selling any security.
Bought (Initial) Alcoa (AA) at $28.04 - ouch! I thought all the bad news was already in the price I'm starting to like industrials. I'll have to pick up more if it drops. (this is why you never buy all at once)
Bought (additional) Seaspan (SSW) at $22.05 - if oil is cheap they are still going to have to ship it and ship everything. Also, these guys keep growing. I like the REIT format of this company.
Bought (additional) Vanguard Pacific ETF (VPL) at $63.75 - this super low cost ETF is my favorite way to play Asia.
Bought (additional) Plum Creek Timber (PCL) at $34.46 - just adding a bit. Stock is a bit rich so I'll wait to really buy more.
Bought (additional) Deutche Telecom (DT) at $15.58 - So cheap. Cheapest Telecom stock I can find.
Bought (additional) Seaspan (SSW) at $22.21
(what did I sell? - employee stock of my old employers - just a bit though)
Disclosure: I own every stock mentioned above.
Disclaimer: Nothing in this blog is meant to be specific financial advice or a recommendation to buy or sell. I do not give investment advice. Do your own research. Do not rely on anything in this weblog to make investment decisions. I do not log all my trades here. I only describe or mention those that I think might be interesting. Consult an investment professional familiar with your specific financial situation before buying or selling any security.
Why PCL rather than RYN?
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Valuations seem roughly the same. PCL has a better corporate governance rating from ISS:
Also, PCL is twice the size of RYN but the CEO's both pay themselves the same. I guess I'm getting a better deal out of PCL. Though, I do like that RYN has assets in Australia and New Zealand.
But heck, why not own both for diversification?
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