No. of Recommendations: 6
Even if things continue to slide largely in the same direction, the degree of relative undervaluation and real risk (permanent loss of capital) seem likely to be moving targets, perhaps to a greater degree than in the past. So I'm looking at small-ish baskets of things with mostly good economics, along with some cyclicals. I'd like to use my U.S. dollars to buy some companies in jurisdictions with lower country risk, but I've got some catching up to do on the research front. So, for now:
Insurers and insurance brokers: MKL, WTM, FFH, CB, AJG, WTW (getting taken out by AON), BRO
Exchanges, data services, and brokers: EFX, SPGI, NDAQ, ICE, LSEG.L., 0388.HK, IBKR
Wines and spirits: DEO, STZ, RI.PA, BF/B, LVMH
They ain't making any more of it: HHH, MLP, JOE, LB, LEN, DHI, GBRK (**wait for real pessimism with this batch**)
One man's EuroTrash is another's EuroTreasure: EVO.ST, EXOR.AS, DHL -- any suggestions?
India: FIH-U.TO, HDB -- would love to find a few more
Commodity cycle, ag and chem: ADM, DVN, DOW, NTR, OLN
High-quality smaller U.S. businesses: FAST, FERG, TSCO, JHX, IMKTA, TREX
Sogo Shosha: Itochu, Marubeni, Matsui, Marubeni (and some *very* thinly traded Japanese small caps)
China/Tech: GOOGL, BABA, TenCent...
