Well this is a bit awkward. You give a stock the elbow one month and a few weeks later it’s back, with a shiny new set of profit figures.
Sometimes the timing of my mechanical sales and purchases isn’t perfect. My sale of The Renewables Infrastructure Group (LON:TRIG) at the end of July is a case in point. Just seven days later, this investment trust issued half-year results that showed half-year profits up by a staggering 174% to £128m.
I’ll review TRIG’s results in brief in a moment. But in short, I’m going to welcome this stock back to the SIF portfolio. However, having written about it so recently, my comments will only be brief. So I think there’s room to consider a second new stock this week.
Two companies are vying for my attention in my screening results that could fit the bill:
The one I’m going to consider this week is something completely new and rather different. It’s the FTSE 250-listed arm of US hedge fund manager Bill Ackman’s investment vehicle, Pershing Square Holdings.
I’m not really sure if this is a suitable…
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