Good Morning value stock investors. 2022 was a very bad year for me personally, not so bad financially. My only brother and my 15 year old cat both passed away in 2022. My wife also faced many healthcare challenges in the year. So I was very busy with real life things and had very little time to blog my thoughts about the stock market. Enough about me, some stock thoughts for
Q1, 2023 investing. I am not a forecaster of the markets. I only know when I think certain stocks are a good value to buy.
I thought to also mention that at some point when
interest rates stop going up in 2023 that there will be a tremendous opportunity for
total return in Vanguard Bond Funds.
I really like the stock of
Qualcomm (QCOM) in 2023 at around $109.00 price. A whole lot of earnings at a very reasonable price. There will be some layoffs in tech, but Qualcomm keeps rolling along.
Celanese (CE) at $102 per share is a chemical polymer company in a steady buisness and even though earnings will be down in 2023, they will still roll in around the $12.00 earnings mark. Also, Buffett in friends has an investment here, and Berkshire Hathaway is very good at scouting out intrinsic value in a business.
Staying with the "C" stocks, I also like
CF Industries, (CF), at around $85.00. A fertilizer company that is fat with earnings, but also the company with a contract to capture Exxon Corp's carbon emissions. Cannot get greener than that cause, and a huge customer to have with the purpose of a cleaner world.
Then at sometime in 2023 when prices look reasonable, I like the
intermodal railroad shipping business. Here I will give you a choice of 3. This is a no hurry, but sometime during the year pick up one of these stocks.
Canadian Pacific , (CP), $74.59 with its upcoming Canada/USA/Mexico map footprint. This one I own currently.
>>>>>>>>>>>>>>> The second choice is
Norfolk Southern Railway, (NSC), which is focusing in 2023 on increasing intermodal business.
Price $246 and a forward PE of 17.5. These are capital intensive businesses so not normally purchased going into a recession. But, non the less, very good, Class 1, monopoly railroad businesses. Impossible for competitors to enter this business. >>>>>>>>>>>>>>>>> The last one is,
CSX Corp.(CSX), ,
$30.98 , that footprint covers the eastern USA from Florida to Detroit, New York to the border of Canada, and up to Massachutsetts.
That's all I have for now. 3 Month US Treasury bills are your freind also in Q1, 2023. Do not be in a hurry in 2023. No Hurry!
>>>>>>>>>>>>>>>>> Sincere regards for those who are new and also those that have followed me over the years since 2009.
Freewilly
