ThePanelist.com - Neubert's Top 15 Positions for October 2007

Neubert's Top 15 Positions for October 2007

Written by David Neubert

Friday, 02 November 2007

Photo:sneakums, Creative Commons, Flickr
Top Fifteen Listed/Tradeable Holdings as of October 2007 month end. Prices as of November 1, 2007.

I've been spending much of the month in the beautiful autumn colors of the Berkshires of Massachusetts. My portfolio has not changed much but check out below to see where it has:

1. Ishares Inflation Protected Treasuries ETF (TIP - $103.42) - Still my biggest disclosed position but I sold a quarter of it today.
2. Chevron Corp (CVX - $89.04) Oil up and stock down. I don't understand so I hold. According to their press releases this past month they are really making an effort at renewable energy.
3. Berkshire Hathaway (BRK/A - $131,250) - Wish I owned more. This just keeps going up huge.
4. Conoco Philips (COP - $83.21) See my comments on CVX, except they don't have the same commitment to alternative energy.
5. B P Prudhoe Bay Oil RoyaltyTrust (BPT - $76.89) This is an embarrassment of riches. I wouldn't buy this now but I have so much in capital gains this year that I can't sell till 2008. My least socially conscious investment.
6. Usiminas S.A. Brazil ADR (USNZY - $77.80) This Brazilian steel company is my favorite in the world and has everything going for it. I keep holding and collecting fat dividends.
7. Citigroup (C- $38.51) I bought more this month on the way down but above today's price; ouch. I remain committed to this franchise through the pain. Besides, with trillions in assets, the Fed is my best auditor of this company.
8. Freeport Mcmoran Copper & Gold (FCX - $112.05) Gold is not up; it's the dollar that is down.
9. Vanguard Pacific ETF (VPL - $73.68) Asian exposure.
10. Anglo America PLC UK ADR (AAUK - $32.78) Cheapest major global mining company.
11. Chubb Corp (CB - $52.00) No hurricanes and the cheapest and highest quality of the property and casualty insurers. I'll probably buy more if it falls.
12. Andarko Petroleum. (APC - $57.24) - this Texas-based oil exploration company went up so much it ended up in my top 15. They are so cheap. I should sell BPT and buy more APC.
13. 3M (MMM - $83.90) Solid and creative company. They had a tough earnings report. I'm sticking with 3M.
14. General Electric (GE - $40.34) - Multinational benefits from falling dollar. They are trying (but not yet there) to remake themselves into an eco-friendly company of the future. I'm holding but wouldn't buy more above $37.00.
15. Microsoft (MSFT - $37.06) Huge run-up in the last few days. This giant is finally getting recognition for their global exposure (falling dollar helps) and increasing revenues from tech spending.

Off the List since last month:
Bank Of America (BAC - $45.71) I cut part of the position, as I had to be prudent with my bank exposure. If I have to hold a falling money center giant, I prefer Citigroup.
Pfizer Inc (PFE - $23.95) - stock is up a bit since last month but relative performance is weak. I continue to hold this cheap super giant pharma until new information changes my opinion. David Neubert Photo

See May 2007 List.
See June 2007 List.
See July 2007 List.
You Can't see the August List because I was too busy to make one.
See September 2007 List.

Disclosure: I do not disclose positions in previous employers, very small market capitization companies (under $200 Million USD) or securities that do not trade on a listed exchange in my top holdings.

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Comments (5)

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...
written by Mark D , November 03, 2007

Hi David,

How does an average guy like me with an ameritrade account take advantage of the Canadian Dollar rising (13% since September). Are there any currency products that are traded? Also, can I short the dollar at the same time?

Thanks,
Mark D

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written by Mike , December 30, 2007

How do I email you directly? Neubert?
Thanks
Mike

...
written by Mike , December 30, 2007

I have a question regarding Ford Stock----I see you
purchased Ford Stock years ago----what is you take on the future of Ford?
Mike

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written by Mike , December 30, 2007

Neubert----my email address is ---MourekMM@MSN.com---
contact me on your thoughts regarding Ford?
Thanks
Mike

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written by David Neubert , December 30, 2007

I haven't really owned Ford common shares (F) directly except for a quick trade. I do and have owned Ford Convertible Preferred (F-PRS).

http://thepanelist.com/Neubert's_Trades/Neuberts_Trades/_20070805502/

In general, I think that Ford motor company is in trouble because they lack innovation. They rejected building and researching hybrids and will further continue to reject building cars with alternate energy sources unless lead and forced by the more innovative German, Japanese and maybe now Chinese manufacturers. By owning the preferred stock which I think of as a really risky subordinated high yield bond, I profit is Ford survives but I do not need them to lead.

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