The Prudent Investor


December Purchase
December 7, 2007, 1:11 pm
Filed under: Update

I would like to get both Chattem and Corn Products up to the level of SJW Corp. so this month I decided to select between the two of them for the purchase. Both companies have taken a tumble and both are recovering their losses, but I chose to purchase Corn Products because they had fallen further.

As I write this, the portfolio has gained 4% (dividends included). Chattem has a nice gain of over 15%, though unfortunately it is the smallest position of the three companies. The other two companies average each other out and bring the portfolio down to its current value. All things considered, I am satisfied with the progress so far. The portfolio was never intended to be a high flyer, but a long term holding, and all three companies are moving strongly into 2008.

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