Well, it is -3 out there on this New Year morning. Not going to start my running resolution when it is this cold! So I have fixed up my spreadsheets for the new year and thought I'd write a quick post.
I have already commented on my MFI Formula tranche I will be buying tomorrow. That means I have a month to laser focus on my February 1st tranche for MFI Select. Obviously, my Select tranches require more time and research as I pick the stocks as opposed to a formula. First a quick peek at the tranche with a month left to go:
|2/1/2017||Start||Current||Dividend||Pct Gain||R3K Gain|
That is a memorable tranche. Hopefully no wheels fall off in next 4+ weeks! AKRX is being bought by a German company. YY has simply been one of my best MFI picks ever (it was so cheap a year ago).
Now recall I posted some themes that I felt were important in 2018. First I do believe tax reform will have a more positive impact everywhere than people are saying. Be it the consumer with the wealth effect or businesses. Second, now that the uncertainty of tax reform is behind us, I expect a flurry of M&A activity. And that is where MFI stocks can shine as they are often accretive to the buyers. Finally, with my reading of the Acquirer's Multiple, I have a new appreciation for losers.
Looking at the official list now. Here are some names worthy of research in my view:
AMCX (hey, just watching some of Breaking Bad marathon last night!).
AGX - acting like another new power plant will not be built (this is a candidate to be bought)
CASA - never heard of them An IPO from early January, has already gone from $13 to $17.
EGRX - pharmaceuticals are so hated
KLAC - could just keep them another year.
MPAA - no one seems to value auto parts.
NHTC - I know, they may be a scam. But cheap and hated.
PBI - so cheap, so hated.
SP - the fact that they make the screen does indicate market is extended. But they look ok.
SYNT - sell off seems overdone.
TVTY - healthcare space might make sense.
Then a few miscellaneous ideas:
HUM (I know, they are an insurance company. But AET/CVS may spur more activity)
TOSYY (don't go for ADRs often, but Toshiba looks cheap)
MOMO - a smaller counterpart to YY.
JMEI - need to convince me they are not a Chinese scam. But insanely cheap.
TWX - might be short lived, in cross hair of Justice department scrutiny. But with FOX getting bought, an interesting idea.
FUJHY - who doesn't like their Subaru?
Ok, enough rambling. I will run further screen the last week of January to see if anything looks good/better.