Like Wade, I take a few highly concentrated positions and typically only hold 4 or 5 stocks at a time, but that's about all we have in common.
I do thorough DD and make sure my positions are at least somewhat backed by value. I do not play FDA roulette, or make bets on other short-term trends like the huricane forecasts, or commodity prices.
Also, unlike Wade, I am not afraid to take large positions is small, illiquid stocks, so long as they have fundamental value and growth.....and I typically do not feel a need to watch them every day or post about them frequently....but have longer time horizons....and believe the market will come around to these stocks eventually.
Presently, my holdings are:
1.) EUO.v (EUCTF) - $0.18 CAD - This company will be reporting financials within a month that will show the $16 million cash (or about ($0.17/share) they received at closing of the sale of their GFI fuel marking business. They have an additional minimum guaranteed earn out of $9 million over the next six years (5% of gross sales)....and with the European Union with an open tender for fuel marking and several indications that SICPA is aggresively marketing it's new fuel marking services, I feel fairly confident those minimums will be blown out of the water....and a patient long term investor can be rewarded with a multi-bagger from these levels.
2.) COV.V (CVALF): I've held this nearly three years, growth hasn't happened as quickly as I originally hoped for, but last quarter's results showed some significant growth again....and the company's MD&A provides several other possitive indications that there should be more growth to come.
3.) PESI - I bought this about a year ago when others on these boards were interested in it as well. They have shown some good growth over the past year and are projecting for 50% growth in EBIDTA in 2016. The company indicated in the last CC that they expect to get 15-20% of the $240M Navy contract they announced as a subcontractor to CH2MHill and there are other large opportunities they expect to hear about "soon". There was also news out of Poland just last week that their Perma-Fix Medical division will be transfering from Poland to NASDAQ later this year.
These are my three core positions, I'm fairly heavily concentrated in them, I think each has the potential to at least double in the next year or two, but also think they are fairly safe from a massive implosion as well, so I don't feel a need to hover over the computer all day.
"Our houses are such unwieldy property that we are often imprisoned rather than housed in them." - Henry David Thoreau, Walden: Economy, 1854
