So one week in and I still like my Indian friend

So the S&P500 has increased 1.2% since I got into TTM and GOOG. So how are they doing? GOOG is up 3.3% and TTM is up 4.1%. Not bad for a week...

I am really contemplating selling the rest of my IBM position...at $106 I can't see it doing much from here...hmmmm

Say hello to my new Indian friend

Today I put our money back into action. I made two purchases...TTM and GOOG. Here is the lowdown:

• TTM: Tata Motors based in India, a maker of commercial vehicles. My thinking: India is under construction and these guys are the local suppliers for that buildup. Comparing it to my rules: 43% difference in current price and 1 year target, 18% EPS growth forecasted for next year, 1.6% dividend, 7B market cap, PEG of 0.66, solid financial books. The only minus is that it has only been publicly traded for about 2 years but it has been in business since 1945. All good.
• GOOG: The Google. Now this one seems expensive but its forward looking financials makes it "cheaper" than YHOO and AMZN (PEG of 1.04 vs. 2.87). So to answer Flogger...yeah, I looked at this vs. AMZN and opted for the more solid company. Comparing this one to my rules: 21% difference in current price and 1 year, 27% EPS growth forecasted for next year, 150B market cap, PEG of 1.04 and A++ financials ($18.5B in assets, $1.4B in debt and $3.5B cash flow!!). The only drawback is the fact that there is no dividend but this one is a cash cow. Their EPS is $15 and as you have probably seen...they are putting that money back into buying up little things like YouTube and Doubleclick. Eventually I think that they will start giving some of that money back to the investors...so in the end you win either way as they appear to know how to spend their money unlike other companies.

Of course TNE went up today...that stock is hard to keep down ;-)

One last thing, way to go Northfield...their stock has dropped from $15 to $1.5...good thing ChaCha left a while back ;-)

Say goodbye to my Brazilian friend

Today my trailing stop triggered the sale of TNE. I set it at -5% and over the past two days it has gone down more than that. So this morning it sold it at $18.55...locking in a 41% gain. Closer to 40.5% after factoring in the $15 dividend and the commissions. Overall, not a bad trade. I am sure that the stock will probably continue to climb eventually but since I am out...I will wait for this one to take a breather.

Now we have another issue...where to put all that money...we can't just leave it there in the bank after all ;-) Ones that I am currently looking at: GOOG, YHOO, TTM and GLS.

Making time for making money...

Sorry that this blog has kind of dried up recently...unfortunately life is consuming us lately and I have not had any time to devote to financial fitness...thank goodness that the stock market has been pretty well behaved. I have occasionally checked in on the GenX investments made to date and been pleased with the progress...up 23% in 2 months. Now I just need to get those 401K and IRAs into better shape...maybe next week when things start to settle down a little...

Invetment Idea...Har

So I was just scanning through a few small companies (read penny stocks) and I ran across this one. What do you think...a good investment ;-) ??

Stonebridge Resources Explorations Ltd. (SBRX.PK) BUSINESS SUMMARY

Stonebridge Resources Explorations, Ltd., a research exploration company, engages in the acquisition, development, exploration, and production of crude oil and natural gas in continental North America. Stonebridge Resources Explorations was incorporated in 2001. It was formerly known as Mr. Dude, Inc. and changed its name to Stonebridge Resources Explorations, Ltd. in 2004. The company is based in Toronto, Canada.

I am almost tempted to put just a few dollars into Mr. Dude...apparently he at least has a sense of humor.