Just a quick note to record the investment club decisions this month. Four stocks were presented - that might be a first for the club. Overall the portfolio is in better shape than it has been in quite awhile. We still need less technology and more mid and small cap stocks. We'd also like to increase the estimated sales for the overall portfolio.
We decided to:
Sell $2,500 worth of Fiserv (FISV). Reasoning: it is a technology stock and our largest holding, almost too large and it gives us enough cash to buy into a new position in one of the stocks presented tonight.
Buy $3,100 worth of Quality Systems (QSII). This stocks was the best of the four presented and it meets several of the portfolio needs. It's a quality stock (78.1) with a project return (PAR) of 16.7 which is greater than our current portfolio PAR and is expected to growth at 20%, well above portfolio average growth of 9.4%. This small cap stock is in the health care sector.
The other stocks presented were Synutra (SYUT) - a food processing company, Atheros Communication (ATHR) - a communications company, RECN - a staffing company.
