Shopping list - Best companies to snap up

[Waikaka]

Picking up some soggy gutter butts with maybe a puff or two left

Cautiously buying in order of conviction:

NZR
TPW
MPG
TWR
STU
SKT
NZME

Some pretty ugly names in there but I imagine most will be around in a few years and should be worth more than they are priced at the moment.

[SailorRob]

Picking up some soggy gutter butts with maybe a puff or two left

Cautiously buying in order of conviction:

NZR
TPW
MPG
TWR
STU
SKT
NZME

Some pretty ugly names in there but I imagine most will be around in a few years and should be worth more than they are priced at the moment.

Jeez Waikaka, NZR are extremely expensive at these prices. Agree STU good buying though.

[fish]

What a good idea for a thread, because it's something that's on all our minds.

One approach might be to list what's not on your list. Of course, it's all a matter of timing. Picking the lows and buying at the latest time before it's likely top stat going up.

I think SUM could be good after 9(?) months. I can't help wondering if they've suggested zero growth to emphasize the need to reneg deals with the govt... and rightly so.

ATM are expecting good things. Could be +50% if you pick the low correctly.

AIA and AIR have taken a pounding as they've been in the spotlight. Obvious future target.

Ports will be a nice item to pick up cheaply, as they're usually expensive.

MEL will be an interesting one to watch. A quick purchase post positive news on tiwai will do well, or picking the bottom of the oversell on negative news could be good if it drops enough to fairly represent a good PE.

M7T over on the ASX is looking interesting.

What's not on my shopping list, which usually is: SCL, SEK and a few others inc
FPH, which i have as too expensive. More than usual. While they might do well in the coming year, i expect the following year will dip. The coming year is already priced in, imo.

Similar to my strategy.
Careful choice and timing.Being bold when other are fearful . and
Not buying at the moment-I am very wary of catching falling knives and will take my last NZX order off today-its a stock which I had reasoned will have cheaper costs because of covid-19 but as beagle says fundamentals do not matter too much-at least until people start buying.
Would also like to buy back into MEL and possibly AIR.
FPH will be watched closely.CDC have just announced some small changes in causes mortality.Deaths due to influenza/pneumonia are increasing.Small increase in life expectancy.Women will live 5 years longer than men-growing market for FPH and trusted products.

[cymonger]

Great article from Mr. Buffett. Buying good companies is always a good idea. Buying ATM, Mainfreight, and other solid companies like that right now. It's like finding a gem in the discount rack at the store. These stocks will UNDOUBTEDLY return to their former highs. It doesn't have to be today or even this year. Personally I'm willing to wait.




https://www.inc.com/minda-zetlin/warren-buffett-stock-market-advice-coronavirus-value-investing.html

"People would be better off if they say, 'I bought a business today,' not 'a stock today,' because that gives you a different perspective," he explained. "Presumably if you buy a farm, if you buy an apartment house, if you buy a business you're going to own for 10 or 20 or 30 years, then the real question is: Has the 10-year or 20-year outlook for American business changed in the last 24 hours or 48 hours? You don't buy or sell your business based on today's headlines."

[King1212]

come on guys...the brave one will be rewarded!!!!

[Entrep]

Mel, sum, cen, air

[Leemsip]

Stocks I want to own post recession	price target	current	Diff	invest $$
cen	5	6.58	24%	30
BIN	2	2.7	26%	10
scales	3	4.2	29%	20
TNR	1.5	2.2	32%	10
mel	3	4.49	33%	30
A2M	10	15	33%	20
aia	5	7.69	35%	20
mcy	3	4.65	35%	40
pot	4	6.35	37%	20
SKC	2	3.2	38%	20
NPH	2	3.2	38%	20
fletcher	3	5	40%	10
sum	4	6.8	41%	15
sanford	4	7.1	44%	20
mft	20	36	44%	20
ARV	1	1.8	44%	5
HLG	2.5	5	50%	5
SSG	0.3	0.66	55%	5
kina	0.5	1.3	62%	10
				330

[Leemsip]

so need some pretty rough declines to see any of these purchases.
reckon nph, scales and hlg will be my first buys

[couta1]

so need some pretty rough declines to see any of these purchases.
reckon nph, scales and hlg will be my first buys

HLG at $2.50, extreme good luck with that one, if that miracle happened I would be using the house as equity to load up a whole lot more.

[bottomfeeder]

Well, Im buying Westpac, The have dropped 10% in last few days, and AMP dropping like a stone. Except I am fast coming to the maximum I will invest in the Markets of $270,000, so I will wait a week before I make my final purchases, then I will just have to sit tight and grin and bear any further drops. I figure if the market crashes a lot more, cash wont be worth holding either so no matter what you invest in you will lose. I was going to buy another house, but I have this feeling as the economy turns to custard, house prices will come down quite dramatically, and with inflation moving, interest rates will go up, just making the whole s****box even worse. But I'm not panicking.