DON'T BUY
Has owned them before, not now. Very good returns in the mid/high-teens, but they're tied to cyclical lumber. See better opportunities elsewhere. That said, it's a strong company, but doesn't meet his returns metrics.
misc industrial products
DON'T BUY
Gold will probably do well as inflation comes off and interest rates decline, which he predicts in coming months. However, gold producers don't control the price of their product and it costs a lot to excavate that gold.
precious metals
TOP PICK
Is run by the founder who owns 40% of shares. Based on Egypt with operations in Jordan and parts of Africa. It trades at 5x earnings and pays a 15% dividend. Has been adding to it. Only a 3% weight in his portfolio given its geopolitical and currency risk. Generates strong returns and is expanding. (Analysts’ price target is $1.48)
Healthcare
TOP PICK
price target 1563.73 SEK Operates online casinos which became popular during Covid. The founder still runs the company. EVO is clearly the market leader. Recently added in the low-$900s. More US states are legalize online gambling. Their returns and growth rank highly. Trades at 28x PE.
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TOP PICK
You seldom buy shares in a company below fair market value unless there's a short-term glitch. Meta is seeing several glitches at once. Yet, it owns 4 of the top 6 social media platforms and have around 3 billion daily/monthly users, which is plateuing but still increasing. Around 40% of the planet uses their platforms daily. Huge cash flow which keeps growing. Has no debt. High margins. Trades at only 12x earnings. The narrative around Meta is poor now, but this opens a buying opportunity. Meta is buying back a lot of shares these days. (Analysts’ price target is $272.89)
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