|
Opening Segment #3: |
 |
|
'Am
I
Diversified?' |
|
|
|
Friday,
April 24, 2009 |
|
|
 |
 |
|
|
|
|
In this segment, Jim
takes 2-4 callers
and asks them to
submit five stocks
that make up their
largest positions in
their portfolio.
He then comments on
whether or not they
are properly
diversified.
Jim:
It is Am I
Diversified... it
must be Wednesday…
No, we moved it to
Friday because that
was Ohio State… you
call me and you tell
me your top five
names and I tell you
whether you have all
of your eggs in one
basket or whether
you have got to do
some changes… we
play this game
mostly because I
need the patina of
legitimacy… that is
not true, I do it
because the most
important thing is…
only free lunch.
|
Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name |
|
 |
UNH |
23.06 |
Unitedhealth Group, Inc.
(UNH)
|
|
|
|
BIG |
26.81 |
|
|
|
CLF |
21.82 |
Cliffs Natural
Resources Inc. (CLF)
|
|
|
|
PCLN |
96.16 |
Priceline.com Inc. (PCLN)
|
|
|
|
COP* |
41.21 |
|
Caller:
I want to know if I
am diversified...
Stocks are:
Unitedhealth Group, Inc.
(UNH),
Big Lots Inc. (BIG),
Cliffs Natural
Resources Inc. (CLF),
Priceline.com Inc. (PCLN)
and
ConocoPhillips (COP*)?
Jim:
Big Lots is based in
Columbus Ohio where
we were at the Ohio
State, and I do not
like to shop there,
I have to be honest,
I have a not great
Big Lots… so I did
not recommend the
stock… but I am
conscious of the
fact that the stock
has been red hot…
you have got a
retailer with Big
Lots that is red
hot… you have a
company United
Healthcare, they
came out with some
very disappointing
growth numbers, but
it is a healthcare
cost containing
company… Conoco
Phillips, I own it
for
ActionAlertsPlus.com,
it has a huge yield,
nobody likes it,
that is crazy, I
would still buy it
up here… Cliffs is
the old Cleveland
Cliffs, it is a
minerals company…
and Priceline...
obviously the travel
company that is
doing so well…
travel, mineral,
oil, healthcare,
retail… that is
perfection…. Arlene
knows how to pay the
game.
Verdict:
YES,
Diversified.
Next portfolio
analysis by Jim,
below...
|
|
See comments continued below...
|
|
|
|
|
|
|
|
|
|
Friday,
April 24, 2009
(Cont'd from
above)...
▼ ▼
▼ ▼
▼
The next caller had
the following
portfolio of
five stocks, on
which Jim
commented,
with his opinion
shown below them...
|
Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name |
|
|
GE |
12.11 |
|
|
|
C |
3.19 |
|
|
|
BAC |
9.10 |
|
|
|
PFE |
13.17 |
|
|
|
GNW |
2.15 |
Genworth Financial Inc.
(GNW)
|
|
Caller:
I want to know if I
am diversified...
Stocks are:
I have General Electric (GE), Citigroup (C), Bank of America (BAC), Pfizer (PFE)
and Genworth?
Jim:
Alright, this is
going to be a little
difficult here
Francis because we
have do have some
that are really
clustered… we have
got GE, and a lot of
people consider it a
financial, now just
so you know that I
think that it is a
diversified
industrial, and it
is also the parent
company of this
network and I own
stock in it… so we
have diversified
industrial but lets
keep in mind that
some people regard
it as a financial…
you have Citigroup,
a financial… you
have Bank of
America, a
financial… you have
Genworth, an
insurance company
that is also a
financial, a spin
off of GE… and then
you have a drug
company… so I think
that it is possible
to say that you have
4 financials and a
drug company… so
Francis you have to
take radical action…
on Monday I need you
to swap out of some
of these financials…
maybe own a defense
company… maybe get
an oil company… I
think that it is
okay to own a
housing related
play… but you need
to break down… I
would kick out the
Genworth, they are
my life insurer, but
they did not… they
are having some
problems with the
government frankly,
in terms of
financing… obviously
these are two very
risky stocks, Bank
of America and Citi…
some would consider
GE to be risky, I
don’t, I like it…
but that is not the
point… anyway, you
have got to have
fewer financials
sir… I need you to
do that Monday
morning.
Verdict:
NO,
Not Diversified.
Changes need to be
made.
The next caller had
the following
portfolio of
five stocks, on
which Jim
commented,
with his opinion
shown below them...
|
Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name |
|
|
AES |
6.92 |
|
|
|
APOL |
61.16 |
|
|
|
WFC* |
21.40 |
|
|
|
ORCL |
19.79 |
|
|
|
JAVA |
9.20 |
Sun Microsystems Inc. (JAVA)
|
|
Caller:
I want to know if I
am diversified...
Stocks are:
AES Corp. (AES), Apollo Group Inc. (APOL), Wells Fargo (WFC*), Oracle Corp. (ORCL)
and Sun Microsystems Inc. (JAVA)?
Jim:
Alright… I have to
tell you some of
these are very hard
and when I say that
they are very hard I
mean that if I were
this gentlemen’s
broker… if you came
to me with these
portfolios, it is
not clear to me if
you are diversified,
it is not black and
white… AES, utility
company… Wells
Fargo, obviously a
big bank… Oracle is
a software company…
Sun is now being
purchased by
Oracle.. .so that is
a match… so we
always ring the
register when we get
a buyout… so you
have got two tech…
Apollo, is kind of
like, we do not
really know, it is
kind of like a
closed end fund, so
that is a financial…
so we have got two
financials and two
techs, and one
utility… so again,
we need to add here
maybe a healthcare
that is down and
out… and maybe we
get rid of Apollo
and we bring in
something housing
related… so those
changes should also
be made on Monday
morning…. let’s make
those.
Verdict:
NO,
Not Diversified.
Changes need to be
made.
[verbatim recap]
[end of segment]
Read Jim's next Segment
here
▼ ▼
▼ ▼
▼
Read Jim's next Segment
here
|
|
|
|
|
|
|
|
 |
|
|
 |
 |
|
|
|
Search for Jim's past comments about a specific
stock. Use
ticker symbol or company name in quotes
(e.g., GOOG or "Google") |
|
 |
|
|
|
|
|
|
