Right now I'm in the phase where I've been adding a new stock almost every week to my portfolio for the past couple of months. I'm trying to diversify my exposure to new sectors when I'm looking for additions to my portfolio at this stage. I don't mind holding two stocks in the same sector if they happen to be both good businesses like Pepsi and Coke. But my focus at the moment is to build up a portfolio of 25 stocks without having too much exposure to one particular sector. I don't want exposure of more than 4-5% from a single stock.
The stock that we are going to discuss today, that I bought last night is Textainer (TGH). It is a stock from transportation industry. Textainer Group Holdings (TGH) is a holding company engaged in the purchase, management, leasing and resale of a fleet of marine cargo containers. It comes from the challenger category and has raised dividends for the past 7 years. It is currently providing a yield of over 4.75% while paying out only 53% of the earnings. The 1-year, 3-year, 5-year dividend growth rate is a phenomenal 27.3%, 21% and 52.1%. Currently ROE is over 18%. P/E ratio of just over 11 and P/B ratio of close to 2. Debt/Equity ratio is slightly on the higher side at 2.40 from what I'm normally comfortable with.
This would be another addition from the Industrial sector, but as I don't have exposure to transportation stock and the positioning and growth of Textainer is quite unique, so I'm happy adding TGH at such an attractive valuation. Check out my full portfolio.
Zen Fund Portfolio
The stock that we are going to discuss today, that I bought last night is Textainer (TGH). It is a stock from transportation industry. Textainer Group Holdings (TGH) is a holding company engaged in the purchase, management, leasing and resale of a fleet of marine cargo containers. It comes from the challenger category and has raised dividends for the past 7 years. It is currently providing a yield of over 4.75% while paying out only 53% of the earnings. The 1-year, 3-year, 5-year dividend growth rate is a phenomenal 27.3%, 21% and 52.1%. Currently ROE is over 18%. P/E ratio of just over 11 and P/B ratio of close to 2. Debt/Equity ratio is slightly on the higher side at 2.40 from what I'm normally comfortable with.
This would be another addition from the Industrial sector, but as I don't have exposure to transportation stock and the positioning and growth of Textainer is quite unique, so I'm happy adding TGH at such an attractive valuation. Check out my full portfolio.
Zen Fund Portfolio
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