Building the "Must Follow" List
One of the most important jobs of a good generalist is to keep track of their investment ideas. Every time you walk through a shopping mall you should be looking for a new investment ideas. Every time you drive down a street you should be looking for a new investment ideas. Then somehow you need to keep track of these ideas.
Let’s start building a list:
Miller Industries - MLR - $27 - On the first day I was writing this blog I was nearly run over by a giant tow truck. That made me think of of the tow truck stock I had looked at many years ago. MLR is selling at book value, and has no Wall Street coverage.
XPO Inc. - XPO - $35 - I see these trucks every day, and they make me physically ill every time. I met the management in 2017 when the stock was $10, and loved the story of how they were consolidating the truck brokerage industry. I am haunted by stock that I “miss”. If the economy gets bad, I might get another chance on this stock.
Roblox - RBLX - $28 - I was looking at the Cathie Wood disaster and trying to find anything that might be worth looking at. I watched their investor day presentation and I am fascinated. Valuation is certainly an issue, but someday I will learn more.
Trimble - TRMB - $51 - Another Wood name I wand to revisit.
Noodles - NDLS - $5.5 - I think this is an interesting turnaround restaurant idea. The nearest location is 300 miles away, so it can wait.
Masterbrand - MBC - $7.5 - A new spinoff. I will tell the story is a future post.
ABB Ltd. - ABB - $33 - I was glancing through some European stocks and was reminded of this stock and then saw a good SA report
Xerox - XRX - $16 - Interesting idea from a SA guy
MongoDB - MDB - $170 - Another fallen growth stock, that might change the
world
CHH - Choice Hotels International - great business at a fair price??
Victory Capital - VCTR - not looking to buy asset managers, but these guys are buying interesting managers
Mix Telematics - MIXT - an interesting small cap from a local hedge fund guy
Mohawk - MHK - a classic homebuilding cyclical, cheap but unexciting
Astec Industries - ASTE - $37 - small road building equipment maker, that just lost its CEO, let’s watch
This list will get long. Generating ideas is the most important part of being a good generalist.