Friday, August 16, 2013

Time to load one's canons - My first set of actions

If you followed me in bailing out of the market, now is the time to start identifying what you want in your portfolio when you are ready to jump back in.  Here is a candidate worth looking at.  I have written some puts (promises to buy) on MLM (Martin Marietta) at 90 and 85 based on (a) the asserted fair market value of 110 for the stock, (b) its market share in materials, and (c) the fact that sometime sooner than later, the governments will have to plunk in money into public works to increase employment.  I doubt the PUTs will get exercised and I may have to buy the stock.  You may wish to read

http://seekingalpha.com/article/1627902-martin-marietta-a-rare-fair-priced-materials-company-for-the-long-term-investor?source=yahoo

and whatever else and find out more.  In any case, this is one stock in my list for a future portfolio.


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