Unlike my Ten
Speculations for 2008, my Solid
Clean Energy Companies series will be much more difficult to benchmark.
The intent of the series was to list some "stocks
to buy when you think we've hit bottom." Since I obviously don't
know when you think we've hit bottom (My opinion: not yet), I don't know what
prices you'd have paid.
Instead, I'll look at what would have happened if you bought only those
stocks which dropped 10% since I wrote about them, and you bought them at the
close that day, in equal dollar amounts. Here's what happened (click on
the company name for the original article.) Performance is as of the close
on
June 13, 2008
.
Overall, if you bought the 10 stocks which fell 10% since I wrote about them
in equal amounts, you'd be looking at a 12% gain (not counting dividends) since
then. You would have bought six out of the ten between Thursday, March 6
and Monday Mar 10, so I'll use the close of business on Friday March 7 to
benchmark this portfolio.
Using the same
benchmarks that I used for the 10 speculations update, I note the Nasdaq
Clean Edge Liquid Series QCLN is
up 20%, and the S&P 500 is up 5% since then. These are generally large
capitalization companies, many of which only have a small exposure to clean
energy, so I feel the S&P is the better benchmark of the two. (I
would, wouldn't I?)
In any case, it's much too early to tell how these ideas will perform.
Most importantly, I don't think we've yet hit bottom on the market this year, so
by the original criteria I gave, no one should have bought any of these yet.
If you have, it does not look like you are crying about it.
(Someone I know told me she had bought several because she had some money
to invest, and has lost money so far. I
felt bad about that. Timing can be
everything.)
In terms of the particular companies, I don't have a lot to say because I
don't watch large cap companies closely... this is the "fire and
forget" part of my portfolio. That's what's nice about owning these
companies... I don't lose sleep over them.
DISCLOSURE: Tom Konrad and/or his clients have long positions
in GE, SI, ABB, UTX, PHG, PWR, DE, SHCAY, TRN, AMAT,
BGC, GBX, OC, HON, WMI, NGG, and JCI.
DISCLAIMER: The information and trades provided here are for
informational purposes only and are not a solicitation to buy or sell any of
these securities. Investing involves substantial risk and you should evaluate
your own risk levels before you make any investment. Past results are not an
indication of future performance. Please take the time to read the full
disclaimer here.
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