September 2018 - State of PSD, page-20

The mods normally prefer us to focus on the company in question in these fora - however, I don't think it would hurt anything if I said having run the ruler across PPG, I found a lot to like. I do, however, think that I miss-timed my entry and that the knife has further to fall - I'll use fresh-cash to average down when things drop further.

And, while it might sound crazy, I'm also a little attracted to the PB ratios of the big banks - two key concerns there: the herd-affect of index funds and the housing bubble. I'm not really attracted to mining at the moment - or at least not the majors for the same index-fund risk.

It all comes down to what you want your portfolio to focus on. My basic strategy is find companies that are building for massive growth or a huge turn around story, work out if they're good bet, bet big and hope to beat the market. A couple of years ago I bought NEC at I think 80 cents, and sold it at like $1.35, and was super happy with myself - it's currently around $2.40. So, clearly my dismount needs work. I love MYX - but it's already had a massive run - even on current prices I think it has a great future, but I did sell 1/3 of my holding - an attempt to make up for my premature dismount

There are lots of great companies out there - but I follow a very simple rule: if I don't understand what the business does to make money, or what it's path-to-cash is, I don't buy.

Disclosures: I own PPG and am leaning buy PPG, I own MYX and am firm hold MYX, I do not own NEC and am leaning sell NEC. I own a tonne of SFG, and in the context of my portfolio I'm a hold SFG - but I lean buy SFG for new players.