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Momentum Portfolio: One New Position and Remarkably, Stocks Are Holding Up



A quick note to summarize a few changes in the Momentum Portfolio.

• Added Finolex Industries (FINPIPE) at 408. This has been an outlier in the past, and while it backed off a little from the highs recently, we think it's a good mover to add after this dip. They make PVC pipes, which will benefit hugely from the good monsoon. The earnings growth has been good at 30% average, and while their P/E is 23, this time we should see an even better growth in the rural . . .

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