Long Term Hold
Hi Mr. Marty.
Love your service 🙂
Can you update your L-T Holds? Are BROS, RBRK, HIMS still in your L-T portfolio? Have you added any other stock?
Thank you for your help.
Jay,
Thank you for your kind comments. I am glad you enjoy the service.
I have four accounts with different time frames goals and objectives. My long term retirement account with some really long term holds including WM WFC RPM NVO IBM KO...boring stuff....etc...
I believe you are more interested in a longer term growth portfolio? Perhaps a 12 to 36 month window? I am currently holding six stocks in that longer term growth portfolio. These six stocks include the following:
BROS: This beverage/food company is taking market share. They plan to have 2029 store by 2029. They started introducing food just this quarter, and that will improve their same store sales. Their growth will not be linear. But, they will grow and be much larger in 36 months. I like their business model as the stores are tiny (300-400 square feet). They do not encourage people to hang out all day and work with their laptops using the firms wi-fi like other coffee house. It is a drive through that uses an app to speed the process. This company is very popular with the younger demographic. Their employees are happy and always cheerful. Their products taste the same no matter which store you visit (I have visited many). I believe that Wall Street does not understand their story just yet. BROS has an $11 billion market cap, and can be a five bagger in 12-to 36 months.
HOOD: This fintech company is the most innovated financial I have seen since Charles Schwab in the1980's-1990s. HOOD currently has an $83 billion market cap, and I can see this firm grow into a 5-bagger from here. This is my largest position in the retirement account.
RBRK: This is a cybersecurity company that is taking market share in their space. This is what I consider an "essential" business as all businesses must protect their data. Rubrik is in a sweet spot right now. They are a young company and are still losing money. However, I believe they wil start to turn a profit next year. I can see this company grow from the current $17 billion market cap to $50 billion or more.
DASH: This is an established company that is showing steady 20% sales growth. They already have a $96 billion market cap. I believe they will show steady growth over the next 12 to 36 months. Although, I do NOT see them being a 5-bagger from current levels.
TGTX: This is a drug company that is taking market share in the multiple sclerosis space. They have the best drug in that market and it is the cheapest. That gives them pricing power. They have a patent until 2042 and currently have trials to expand the use of their drug. Drug stocks scare investors for many reasons. But, all stocks contain risk. Like Dutch Bros, their growth will not be linear. Therefore, you will see som choppy quarters (like last quarter) and then some blowout quarters. They have a $5.5 billion market cap and I expect this company to grow to at least a $20 billion market cap in 12 to 36 months.
HIMS: This company is the one that I have the least confidence in as I just do not know enough about them as of yet. They recently struck a deal with Novo-Nordisk and a month later that deal was nullified. The stock has shown the ability to sell off quickly and that concerns me. This is the smallest position of the six I mentioned.
Of course, things can and will change over the course of one to five years. If I am wrong and these companies fail then I will make the necessary changes at that time. I have been wrong before, and I am sure that I will be wrong once again. But, that is what I am holding now.
Regards,
Marty