I’ve not yet bought the same stock twice for the SIF portfolio, but in this rules-based scenario there’s no reason not to. A number of stocks have popped in and out of my stock screen over the last year, and it’s just happened again.
FTSE 100 defence group BAE Systems joined the portfolio in June 2016. It was sold for a total return of 23% in December. Since then, BAE has issued a decent set of results and the stock has seen some mixed price action. The overall effect is that the shares now qualify for the SIF screen once more.
This week I’m going to consider whether to add BAE back into the portfolio. I’ll also take a look at a couple of more highly-ranked stocks I’ve rejected and discuss the thorny issue of pension deficits, on which my view is changing.
The also ransMy interest in BAE Systems is partly down to the defensive and diversification benefits I hope it might bring to the portfolio. But my screen results are always sorted by StockRank and BAE’s score of 78 means that it’s near the bottom.
Many of the higher-ranked stocks…
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