Message Font: Serif | Sans-Serif
No. of Recommendations: 4
Stamper and Lake Effect,

I think I can agree with both of you - the market as a whole is not a screaming buy right now, but that doesn't mean we shouldn't try. In fact, market conditions like these are possibly the best for a port like ours to start - investor confidence has been hurt which is bound to have created some oppurtunities but we have to practise discipline and learn from the mistakes of the Rule Maker. Additionally, it doesn't hurt to have some ideas on hand for buying when the oppurtunity presents itself.

There have been a lot of ideas presented here in the last couple of months and for the port to move forward I think we need to look closer at some of them. For each stock I'd like to see two issues addressed that aren't currently part of the criteria - competitive advantage and a suggested buy price that gives sufficient margin of safety.

Therefore I suggest that each of us selects a Boring stock and reports back to the board in a little more detail than we've had in the past. Recommend to buy or not, and if the recommendation is to buy then state a price. If the board agrees and if we have any stocks we think are currently "buys" then we can start the port going.

Hamish Rose
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.