Tuesday, May 24, 2005
Welcome to my portfolio, Captain Hastings
Poirot has Hastings the police captain as his sidekick, and now I have Hastings the company in my portfolio. It's the quintessential value stock: low P/E, P/B, and P/S. The stock sold off this morning after what I thought was a pretty solid earnings report (at least solid relative to how the market was pricing Hasting's stock). The company also augmented its buyback program, which should help push up the stock price over the next few months. I'm in for 2000 shares. In other news, my portfolio gained $3000, mainly on account of a good move in PSRC.