I finally got the cash from the Landec sale transferred into one account and used it to buy enough shares of NVDIA to bring that position back up to it’s fair share of market value in my portfolio. I still have a larger than necessary amount of cash sitting around so I’ll be looking to bring other positions back to balance and perhaps another company as well. Actually, I bought the NVDIA shares on March 31st but didn’t want to post about it until I had the rest of the site back to working order.
It took longer than I had planned but the shiny new backend is running well and tracking a few different portfolios now so perhaps I will show them off in the near future. In the meantime, the performance graph and holdings are back to being updated daily.
This recent rally is no excuse to accept satisfaction with my holdings so I am continuing my portfolio review from part 1: Recession Review.
Continued in alphabetical order:
Exponent (EXPO)
-This consulting firm has had solid growth for many years and continues to be a leader in a new and expanding market. They have a team of very talented professionals that in turn helps attract more very talented professionals which in the past has consistently provided earnings growth crushing analyst expectations. Its low $400m market cap attracts little attention from wall street and I think is a large reason why it has not been priced up to a more accurate valuation around $6-700m.
Bottom line: This type of consulting firm has a very small place in the market right now and there is a lot of ‘wait-and-see’ type thought out there, but the information we do have suggests impressive growth and I think a $1.5b footprint is very reasonable in five years.
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