September 24, 2012 Comments

In today’s action, Melcor was up 4.3% to $15.90. But this is very thinly traded stock that tends to jump around like that, so this is fairly meaningless.

I bought a small amount of Bombardier today. I have mixed feelings about it. It’s balance sheet is very weak and so I suppose it could run into trouble if the recession deepens. On the other hand it is a huge industrial company employing thousands in a relatively high-tech environment and so it would likely get support from government even if it did run into trouble. It looks like a decent speculative pick to me but I am not planning to bet too heavily on it. I was tempted to sell some shares to lock in some of the recent gains but could not decide what to sell. (I like what I hold).