Contrarian Value Ideas

[gfp927z]

Derf, >> bottomfisher <<

I'm not much into these bottom plays either. But if a great long term stock has a substantial drop, I figure the odds are it will recover over time. The 2022 bear market created a lot of those temporary bargains. ZTS was briefly cut it half, but has bounced back and resumed its long term uptrend. TREX was down by 2/3, but has bounced back nice. More recently, HSY dropped by almost 1/3, and should hopefully recover. I normally wouldn't consider CHTR, except that it's a Buffett stock. No plans to buy any though..

Btw, I recently lowered the stock allocation from 30% to 20%. I hadn't intended to keep it that high anyway (30%), so I figure might as well book some profits. Fwiw, I use the S+P 500 (SPY) as the tradable position, and keep the individual stocks as buy/holds, along with some additional S+P 500 (IVV, SPLG). I figure 20% in stocks is enough right now, consider all the geopolitical landmines. Stocks have had a good run, so no sense getting too greedy.



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