Two Stocks I am Buying, One I am Selling

Investment Watch:  Today I bought Akamai (AKAM) for $29.44 and Comcast (CMCSA) for $24.45.  I don’t typically buy TMT stocks in my PA (no need to over-correlate my savings and my career), but I think these two beaten-down names offer pretty compelling value at these levels.  AKAM is trading with a forward PE of 17 and a projected revenue growth rate of 30%.  It may suffer from some mild margin compression due to CDN competition from Limelight and Level3, but I believe that Akamai offers a more complete toolset than those other companies and has a dominant market position.  I don’t need to tell you about the growth in broadband video…

I sold out of my long-suffering Newmont Mining (NEM).  Every other gold stock I own and have owned has done really well since I started buying them in 2003, but NEM has been dead money for a while.  Yesterday the management team basically told us to sell.  I still own FCX and GG in my slowly dwindling mining stock portfolio, both of which have done very well for me.

Full disclosure:  I own, or have owned, all of the stock mentioned here.  In addition, my firm holds a small stub of AKAM stock in an escrow from the sale of a portfolio company, Nine Systems, to AKAM last year.

I AM NOT AN INVESTMENT ADVISOR, NOR OFFERING INVESTMENT ADVICE…I AM JUST SHARING MY THOUGHTS.  PLEASE RELY ON YOUR OWN INVESTMENT RESEARCH.

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