Link to get to you tube broadcast..........
https://markgomesstocks.wordpress.com/2023/05/29/new-pick-10th-straight-winner/
As always, be sure to read my disclosures / disclaimers below. Most notably, I do not encourage or recommend for anyone to follow my lead on any stocks listed here or otherwise, since I may enter, exit, or reverse a position at any time without notice, regardless of the facts or perceived implications of this article. Cheers.
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The Russell 2000 index is down 28% since November 2021. A few months earlier, I sounded a Yellow Alert, signalling that the market was overvalued.
Being a few months early paid off. As I teach in my investing lessons, a Yellow Alert requires good students to immediately sell all speculative picks, along with any “secondary” or “non-official” picks that aren’t trading at irresistible prices.
That timing couldn’t have been better. The poster child of that speculative bubble was the Ark Innovation ETF (ARKK), which had actually peaked two month before I sounded the Yellow Alert. So, was I early or late? It doesn’t really matter, because timing is something only God can get right consistently (contrary to what many on the Internet claim).
For our portfolio, that meant selling Iridex (IRIX) and Mogo Finance (MOGO). It also meant shorting the Russell 2000 (or buying RWM, which goes up when the market goes down). All of those moves proved money-saving / money making.
To be clear, we REMAIN on Yellow Alert… and though the S&P 500 and NASDAQ have been doing well, it has been on the backs of just a small handful of stocks (like NVDA, AAPL, and MSFT). The vast majority of the remaining 3,000+ relevant stocks have been doing poorly. That is not the profile of a healthy market.
Despite this, our highly disciplined approach has enabled us to continue finding winners in the storm. In fact, the last seven moves in our Easy Money Portfolio and the last TEN picks in our “1% Portfolio” have been profitable!
As always, being picky has been the key. Using professional Wall Street / Warren Buffett processes to evaluate and value companies, we’ve been able to find some of the safest bargains in the market. It hasn’t been easy though. As you can see from our performance trackers (including the one depicted above), we’ve only been making one pick every two MONTHS or so.
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BUT THAT’S OK. Finding great picks can NOT be forced or rushed. If the math doesn’t work, we wait.
And after a patient wait, the math now works on Quipt Home Medical (QIPT).
To be clear, I’ve been talking about QIPT for months. However, only now has the valuation become attractive enough for me to place into my official portfolios.
As described on Yahoo Finance, Quipt Home Medical provides in-home medical equipment and supplies, and respiratory and durable medical equipment. It offers management of various chronic disease states focusing on patients with heart and pulmonary disease, sleep apnea, reduced mobility, and other chronic health conditions.
The company also provides bariatric equipment, bathroom safety products, bilevel positive airway pressure, canes/crutches, continuous positive airway pressure, CPAP masks and accessories, hospital beds, humidifiers, nebulizers and compressors, oxygen concentrators, patient lifts, walkers, wheelchairs, and products for wound care.
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In addition, it offers ventilators; home-based sleep apnea and chronic obstructive pulmonary disease treatments; home-based healthcare logistics and services; medical supplies, medical equipment, mobility equipment, and respiratory equipment; and CPAP and BiPAP units, ventilation equipment and aids, daily and ambulatory aides, and equipment solutions, as well as home and hospital delivery, and oxygen therapy services.
In lieu of writing a long report on the company and its valuation, I hosted Aaron Warwick from Breakout Investors to share the story on “Stock Talk… LIVE!” this past Friday (at the 42 minute & 30 second mark). Aaron is a member of my research inner circle and knows the company better than anyone I know.
In addition to Aaron’s appearance on the show, I highly recommend listening to the interview Aaron recently conducted with the CEO of QIPT, along with the library of great QIPT research that’s been done at Breakout Investors.
Of course, for those of you who trust our work and prefer to keep it simple, you can simply use the risk/reward chart below to guide your decision-making process.
By the way, for ANY you who haven’t been tuning into “Stock Talk… LIVE!”, I highly recommend my latest educational video, which includes new information on the MoneyMark Official app (100% free, like everything else I do) and how to use it to your advantage. Cheers!
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Disclosures / Disclaimers: This is not a solicitation to buy, sell, or otherwise