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portfolio pt 2I made some large changes to the portfolio. I let go of all of my holdings except for: DLNG and WLDN. WLDN was a big winner for me and more than made up for a number of small losses in my other holdings. Net Net the portfolio worked as expected. My strategy is to let winners ride and let go of the laggards. I just added a new company today, BBI.V. They are an oil company, that has a 10% ownership position in a completion technology. They are a prime target for a takeover. I'm also looking at starting a position in NVEE which I'll do on a pull back. This company seems to be in the sweet spot to get Federal contracts, for infrastructure spending. In a lot of ways it seems this company was set up to do just that: From their annual report: "Continue to focus on public sector clients while building private sector client capabilities. We have historically derived the majority of our revenue from public and quasi-public sector clients. For the year ended December 31, 2015, 2014 and 2013, approximately 60%, 55% and 67%, respectively, of our gross revenues was attributable to public and quasi-public sector clients. During unsteady economic periods, we have focused on public sector business opportunities resulting from public agency outsourcing. We are also positioned to address the challenges presented by the nation’s aging infrastructure system, and the need to provide solutions for transportation, energy, water, and waste water requirements. However, we also seek to obtain additional clients in the private sector, which typically experiences greater growth during times of economic expansion, by networking, participating in certain organizations, and monitoring private project databases. We will continue to pursue private sector clients when such opportunities present themselves. We believe our ability to service the needs of both public and private sector clients gives us the flexibility to seek and obtain engagements regardless of the current economic conditions." |
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