Author: Andy Schornack
Covestor model: Market Maven
The month of June resulted in no new activity in the portfolios and I am comfortable with the current positions. The changes made over the last couple of months provide a better positioned portfolio that can take advantage of opportunities while providing stable dividend income.
In my opinion, the key to the recent couple of years was not to over trade. If you find a good management, a good base, and a margin safety, a stock can provide returns to the investor far into the future as management moves with economic and industry changes.
Additionally, I like to invest in special situations and turnarounds that are undervalued due to the current economic cycle, general macro viewpoints, and/or cash flow and balance sheet improvements that are under-weighted by the general market.
Each portfolio provides an attractive indicative dividend yield as of July 9, 2012, and is invested in companies that based on my research provide attractive return probabilities.