Thursday, December 09, 2004
Bought some more OUTL today
It's hard to find good stocks in today's market. That's why I have about $60,000 sitting on the sidelines now. I'd rather own cash than own crap. However, I did put some of that money to use today, buying 1000 shares of OUTL at $7.20 per share, to add to the 1000 I already own, which I purchased at $5.4 per share. I very rarely "double up"; but in this case I made an exception. Profitable company; revenue growth; worth less than tangible book; pays dividend. Boring sector perhaps, but in today's market, that may not be such a bad thing. As always, please read the disclaimer before you even consider following my lead.