Magic Hat Portfolio: FXPO stays in

Metals & Mining company FXPO (Ferrexpo) is due to be kicked out of the portfolio by rotation. The market reacted badly to its recent trading statement, and it has a Stockopedia StockRank of 68. It is down 36.4% since purchase.

I would be happy enough to kick it out of the portfolio and swap it in for something else. FXPO still qualifies for the Greenblatt screen, though. It has a low PE and high yield. Its debt levels are reasonable. It seems like the kind of stock that would qualify for a “Dorfman Robot” portfolio.

Value shares could well be due for a comeback (Any Day Now TM), so despite my displeasure, I’m going to keep it in. We shall see.

165p

Advertisements

About mcturra2000

Computer programmer living in Scotland.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s