Thirty days have passed since I posted Scary market -- any safe stocks? and almost 30 days since Still scary market -- more SAFE HAVENS.
Thirty days is really of no consequence in testing the validity of my comments or these companies. However, I was curious about how they were tracking and I think I should be as accountable as anyone else and more than most since I have been writing for the BloggingStocks site. Since posting the share prices six have moved up and two have gone down. I have not changed my mind about any of these companies or their stocks during this period. I had a good-til-cancelled order for some WM, which filled, taking advantage of the drop. We are also seriously looking at acquiring some more UPS, which is down significantly, to our original purchase price, eliminating all of our profit. They are listed in the order I mentioned them in my earlier posts.
Berkshire Hathaway (BRK-B) closed Friday at $3,102 up from $2,995.
Washington Mutual (WM) closed Friday at $42.75 down from $45.50.
Southern Company (SO) closed Friday at $33.40 up from $32.50.
Wal-Mart (WMT) closed Friday at $44.69 up from $43.30.
United Parcel Service (UPS) closed Friday at $66.51 down from $78.40..
Anheuser-Busch (BUD) closed Friday at $48.20 up from $45.50.
Proctor & Gamble (PG) closed Friday at $62.26 up from $55.70.
Petro China (PTR) closed Friday at $116.25 up from $110.90.
In the short run you would have been safe with seven of these eight stocks with the exception being UPS which took a dive. Look for future updates in the months ahead as I will be tracking those areas where I have taken a stand. After writing 50+ posts I should also thank those frequent readers that have added some poignant comments, created a dialogue, and kept me sharp.
Disclosure: I own shares in BRK, WM, SO, UPS, and PTR. If I am wrong I will feel the pain.
Sheldon Liber is the CEO of a small private investment company and the vice president for Design and Research of an Architecture & Planning firm.
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Reader Comments (Page 1 of 1)
8-14-2006 @ 8:07PM
Mr. noitall said...
Not bad so far Sheldon. If it wasn't for that U.P.S, you would be doing very good after only 1 month. I'm sure your picks will outperform John Neff's. (I only picked on him cause I had the facts to back me up). As for the others mentioned in that article, I don't know when they made their picks. Anyway, as you know I think the market for the most part is headed lower, so I'm not buying much now. But of all your defensive picks, I like Southern Co. the best. They are not my power company, but I just opened my electric bill and it made me kinda sick for a moment there. I think the businesses that will do well now and in the next few years are the ones who sell us what we NEED, not what we WANT.