Date updated:11-05-2006
based on the idea that many asset classes are mis-priced and economic problems in the U.S. will probably slow if not reverse economic growth here and possibly abroad. Also think the USD is overvalued. Am looking for companies whose payout is low enough to cover some decline in revenues. In addition to income, prices for these companies should not fall as far as I expect the general market to decline.

-
PWE
Penn West Energy - $18.44
- +2.10%
- $18.22
in the world of Canadian trusts, few companies are bigger. Conservative 50/50 mix of oil/gas, low payout (they aim for 60%), much room for growth (undeveloped lands, which in some cases they are farming out), oil sands, using CO2 to improve production of tired fields. Available in U.S., which helps the stock price; currently around 10%

-
VGPMX
Vanguard Precious - $21.24
- +2.21%
- $N/A
Simply the best play I have seen on metals and gold. Very shrewd portfolio -- not necessarily much on dividends, but a very good way to cover precious and basic metals.

-
HTE
Harvest Energy Tr - $9.47
- +1.28%
- $9.44
controversially, recently bought a refinery -- the market is debating whether this is into a field HTE knows nothing about, or whether it is a shrewd way to level out income streams. I lean to the latter -- the acquisition, while expensive, will be accretive. Also available through the NYSE, it currently is yielding around 15%

-
SSL
Sasol Ltd Adr - $41.05
- +2.39%
- $40.95
nice play on energy alternatives, a company that specializes in turning coal into a cleaner gas. Out of South Africa, which means it should do well as the dollar sinks (as should many of these stocks).

-
WBK
Westpac Banking C - $113.75
- +3.22%
- $112.60
An Australian bank. Exposure to both the more narrow Australian market, a country on a generally sound footing -- people there still "save" money, although their balance of payments can become unbalanced -- pays around 5%

-
ANZ
Anz - $0.00
- N/A
- $N/A
another Aussie bank. pays 5%. dividends should rise, currency play should also help

-
OFC
Corp Office Ppty - $33.88
- +0.12%
- $34.00
a delicate choice, for I think most REITs are priced for absolute total perfection -- this one is under 3% -- but it has done a good job locking up lots of office space around D.C. for gov't contracts and private companies that thrive on our government's efforts to listen to every phone call and read every email.

-
SFL
Ship Finc Intl - $13.36
- +3.57%
- $12.96
shipping, but with a twist. a conservative play because SFL leases out its ships to FRO -- FRO pays a basic rate and takes the risk -- SFL gets a fairly predictable return, so the stock has little upside -- or downside. I would like it at 10%, currently around 8-9%
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A. blurp, you're looking at the last sale
which i have no idea why it would be
that. what you do need to look at is
bid/ask for what it'll cost you. mike
A. The only one I own : SLX,
too hard pick a winner out all of them
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10/30/2006 18:33 PM CST Asked by daverk
Should look at TNP