Stock Picks – July 26, 2018

Stock Pick # 1

I recently purchased shares of MongoDB Inc ((MDB 84.35 -6.39 -7.04%). MongoDB Inc was originally founded in 2007 and is the developer of the MongoDB database. I use MongoDB in some of the technology that I sell and service and their popularity continues to grow. They are still a small company but growing fast, having basically doubled year to date in 2018 and I believe this growth is not slowing down, but will continue for many years. I paid $57.54 a share.

Stock Pick # 2

Yesterday I purchased shares of Beasley Broadcast Group Inc (BBGI 4.78 +0.02 +0.32%), a large radio station ownership group. They were originally founded in 1961 and have been publicly traded since 2000. Beasley owns and operates 65 stations in 13 radio markets, including Las Vegas (where they have 5 radio stations). Their stock has recently fallen on news that one of their major shareholders was selling a bunch of stock, below what the market price was at the time, to help fund the purchase of a new radio station. Investors seemed worried that the stock would get diluted with a new offering, but it was as not a new offering this seemed to be a case of market over reaction. I purchased it for $6.90 per share.

Stock Picks – July 23, 2018

Stock Pick # 1

Today I purchased shares of telecom giant AT&T (T 30.14 -0.39 -1.28%). AT&T is currently paying a 6% dividend and has been continuously paying and growing this dividend for the last 34 years! Once its merger of Time Warner is finally complete, AT&T will be the 5th largest company in the United States. AT&T reports on their 2nd quarter earnings tomorrow and it will be the first quarter that will include financial information for Time Warner. With the purchase of Time Warner, AT&T is setting themselves up as a content creator. In many ways it seems like AT&T is becoming more like media giant Disney (DIS 112.87 -2.87 -2.48%), instead of simply a telecom giant.

I believe that the market will be pleasantly surprised with their earning report tomorrow and we will see a large jump in their stock price. I purchased shares for $31.07. However, I am also hedging my bets as I have another order in at $28.09 as one area of concern to me is the amount of debt that AT&T has, however I do not believe they are over leveraged at this time. But Mr. Market may decide tomorrow that they are over leveraged and will cause a large price reduction. Should that happen, I’ll buy some more on sale.

Stock Pick # 2

In my IRA I purchased shares of Main Street Capital (MAIN 37.58 -0.30 -0.79%). Main Street is a business development companies (“BDC”) who makes loans to small and lower mid market businesses in exchange for an equity position in their company. They have investments in a wide variety of businesses and have had good returns from their investments. They pay nearly a 6% dividend, but rather than paying it 4 quarterly installments as most companies do, they pay it in monthly installments! I paid $39.35 a share.

Where does the time go?

Its July 22, 2018. Let that sink in for a minute. 20-years ago it was just a few weeks before my senior year of high school. 14-years ago, my wife and I had been married just a few months. 10-years ago we were in the beginnings of what is now called “The Great Recession”. 5-years ago, our youngest child, Lizzy, was just about ready to be born. 1-year ago, my family moved to Southern Utah (I stayed in Southern Nevada for a few more months for work).

I need to be better at valuing each day because that day will never happen again.