TheStreet.com RealMoney

Junk on the Radar

By Tim Melvin

 About this article:
 Yesterday I was asked by a good friend what stock would I buy if I had to buy one. I replied after a few minutes that I was glad I did not have to make that choice because I just cannot see myself entering a buy order right now. We have had this sharp rally in the past month and we are way ahead of ourselves -- I will get a chance to buy more lower. I have not sold any of my long positions as I bought them for a long time frame, but I do not see myself buying any more until we see the market lower. Gun to my head, I would buy a little more Prospect Energy: 60% of book value, a strong balance sheet and a double-digit dividend that has been increased for 18 straight quarters is attractive. Absent the...

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