I think most of the stocks out there to buy are fairly valued. We need to find some Young Talent for our portfolios. Stocks the mutual fund managers don’t already own, or even know about.
The trouble with Young Talent is these stock’s don’t go on sale. Month by month more people become aware of these opportunities and that’s more interest in buying shares. So stock market declines might not even send these shares down to points where I can get them on sale. If I buy the stocks mentioned in this newsletter, I’ll probably have to pay a premium.
The stock market’s young talent includes Vitamin Shoppe (VSI), which seems like a safe 20% grower. Lululemon (LULU) goes with the economy — and both are already up. China Lodging (HTHT) is a speculative boom or bust stock that could be a lottery ticket. Rovi (ROVI) has a new catalyst called Total Guide that can control all your shows and music. I’ll look to add one or two of these talents this month.
