Portfolio Review and a Stock Idea - PNRA

It has been 2 weeks since I wrote the last post. My family spent last weekend in Boston, visited our friends there, a lot of fun and great weather. I had a stock idea sparked from the trip, I will leave it to the end:-)

A quick trading activities review for the last 2 weeks - I sold half NTE, sold remaining 1/3 IGLD, and bought PALM and RICK (Yes, RICK again), and here is my latest portfolio snapshot:

Large Cap: INTC, COP;
Mid Cap: SCSS, NTE, OVTI, PALM;
Small Cap: UTK, RICK, MMG, DGAM;

While I continue to be bearish on the overall market, I feel comfortable with my current portfolio composition, and asset allocation (50% eqity, 50% cash). I continue to recommend SCSS ($17.5) and RICK ($5.8). If you like their business, it is a good price to buy now. My average cost is around $19.5 for SCSS , and $6.2 for RICK. Buy now, you get better price than I am!

I plan to sell OVTI and the remaining NTE soon, if the price is right. I feel if the market turns the trend, they are most vulnerable.

I am also thinking of my investment strategy for 2007 - current take is Energy, Commodity and Non-US market stocks (as a hedge against US$). I will do some research, and write it up later.

Here is the stock pick idea from the Boston trip - PNRA (Panera Bread).

On the way from New York to Boston (4 hour driving), we had lunch at Panera Bread, i was pleasantly surprised. They have bakery and light lunch (soup, sandwich, etc) - nothing fancy, but quality healthy food with good taste, reasonable price ($6-7 per person), and excellent customer services. They beat any other fast food chains, hands down. I didn't know it is a public company at that time, I checked their financials after the Boston trip, currently at $55, fairly priced. Not in a hurry, add it to the watch list, consider when the price is around $50. I will let you know when I buy.