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Crude oil prices won't break until after Labor Day, so Carnival (CCL, news, msgs) isn't going anywhere until then. With the economy teetering on recession since the beginning of this round and no signs that we will see any short-term improvement, CCL was a counterintuitive pick from the get-go.
Greif (GEF, news, msgs) (rhymes with life) is a recent addition to IQ Trends. The company is a global producer of industrial packaging products and manufactures in over 45 countries. More importantly GEF is in the timber business, selling timber to third parties from its timberland in the southeastern United States. The company also owns timberland in Canada that it does not actively manage. The dividend has been on a tear, which means the board of directors is feeling pretty good about their prospects going forward.
Time to make lemonade
LSI Industries (LYTS, news, msgs) is a great company with cutting edge LED technology that will pay off down the road. Today is not that day. If we are going to make some lemonade out of lemons, we will have to do so elsewhere.Seacoast Banking of Florida (SBCF, news, msgs) is a fine little bank and will live long and prosper. The bad news is it is a bank and the financials are just a flat out mess. (See above about lemonade.)
IBM (IBM, news, msgs) is a longtime member of our universe and recently our system signaled the dividend-yield profile of value for the company had adjusted. This adjustment moved IBM into our undervalued category, which is in my buying area.
Big Blue is a totally different company today and has become an IT leader. If we can get a tradable bottom in here soon this is a segment of the market that seems like it wants to move.
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