Seeking Alpha

James Hartje's  Instablog

James Hartje
116 Followers
1 Following
Send Message
My name is James M. Hartje, President & Founder of Stocks on Wall Street LLC, an investment advisory company providing readers across the globe investment advice, stock picks, and market updates across our various online publications. Our main website is www.StocksonWallStreet.com You can... More
My company:
Stocks on Wall Street LLC
My blog:
Stocks on Wall Street
  • USG Corporation Up 100%+: Time to Sell Half Your Position 0 comments
    Apr 30, 2010 5:39 PM | about stocks: USG
    Back at the end of July, I recommended many readers to buy USG Corporation (USG) at $12 per share. Originally I liked USG for its long-term potential based upon the future strength of the housing market and the opportunity for numerous new projects to start up offering new business. USG has been effective throughout 2010 due to its ability to cut costs raising profits and leading an upturn in sales. I still continue to believe USG is an attractive stock however it is now trading at $24.69. That results in a total return of 105% and whenever I double up I always do the same thing. First I recommend that everyone cuts their position in half, play with the house’s money so it doesn’t pose any risk on yourself. The construction and engineering sector still remains bullish, however I don’t feel it’s as strong anymore due to valuations. A year ago the sectors valuations were at historic lows making it an automatic buy similar to the financial and many other stocks a year ago. Now after the recent resurgence I want to invest in best of breed companies, USG is a best of breed company within its sector however I can’t go against my own investing rules part of the reason I am cutting half of my position. stocksonwallstreet.net/2010/04/30/usg-co.../

    Disclosure: Long USG
    Themes: Construction and Engineering Stocks: USG
Back To James Hartje's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Full index of posts »
Latest Followers

StockTalks

  • Still think airline stocks haven't performed well the past 2 years? Think again! $ALGT ⇧87% $BA ⇧20% $DAL ⇧105% $LUV ⇧37% $UAL ⇧61% = ⇧311%
    Feb 20, 2013
  • Still think airline stocks haven't performed well the past 2 years? Think again! ALGT ⇧87% BA ⇧20% DAL ⇧105% LUV ⇧37% UAL ⇧61% Total: ⇧311%
    Feb 20, 2013
  • Looking to start investing & open an brokerage account? Sign-Up for @Scottrade Right Now Absolutely Free! http://bit.ly/13di5tk ...
    Feb 20, 2013
More »

Latest Comments


Most Commented
Posts by Themes
Africa, Airlines, Baby Boomers, Bank Stocks, Banking, Banks, banks, Bernie Madoff, Biotech, BP Explosion, BP Oil Explosion, BP Oil Spill, Brazil, BRIC, Bullish Technicals, China, Citi, commodities, Construction and Engineering, Corrupt Government, crisis, Currency ETFs, Death Cross, Dividend Stocks, dividend-ideas, dividend-quick-picks-lists, Dow Jones, Drilling Ban, earnings, Emerging Markets, Emerging Markets ETFs, Energy, Energy Sector, Energy Stocks, Equity Values, etf-long-short-ideas, ETFs, Exchange Traded Funds, Facebook, Facebook IPO, Financial Crisis, financial institutions, financial reform, financial sector, Financial Sector, Financial Stocks, Financials, financials, forex, Fossil Fuels,
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.