Contrarian Value Ideas

[gfp927z]

Derf, Gladstone has farms in 15 states, so not everything is in California. Having all that banked water in California ($1.5 billion) could turn out be an 'ace in the hole', considering the frequent droughts out there.

I know what you mean though, and previously had decided to not get back into Gladstone. But the chart setup suggests the bottom is in, so as a 'turnaround' I figure what the heck. Plus it's only 20 shares :o)

These turnaround stocks are the only real risky areas in my portfolio, and currently only 11 of them (out of 216 stocks). It's mostly just to keep things interesting, and to practice the ability to accurately identify chart bottoms. I also have 1 small biotech, but only a $342 investment, so won't lose too much sleep there if it doesn't work out.

Btw. your pick LNC is up nice, and has cleared the 50 MA, so a good sign. I'm still not crazy about the chart, but if it can clear 35 then the 2023-24 uptrend is re-confirmed. First needs to get above 32 and 33 resistance. I thought the chart looked like it was rolling over, so seems risky, especially since the longer term chart is so horrendous. But I don't know anything about the company's fundamentals. The recent revenue growth is 56%, and earnings growth was 75%, so that part looks great.




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