Wednesday, March 16, 2005


Two new stocks

My portfolio continues to hover around the 400K level. Given current market conditions, I am more than happy to tread water without incurring any major losses. Two new stocks for my portfolio today: MACE and SMTX. I don't pretend to be an expert on either company, but they certainly do fit the criteria that I use for picking stocks: low market cap relative to tangible book value; low price to sales ratio; improving operating results; and a story that investors can hang their hats on. In SMTX's case, it's the secular shift towards outsourced manufacturing production. In MACE's case, it's the heightened concern about security in the post-911 world.

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