Thinking about opening a position? Maybe someone with more experience can give some advice if this is a good idea.
I hold - 6.8% of portfolio. One of my favourite stocks - really high quality with superb, honest management. Check out the interviews/presentations on e.g. PI World. Has a very good yield and looks well placed to benefit from the Biden infrastructure stimulus package. It's got a good moat, high margins and tonnes of cash, and is a high quality share with momentum.
On the flip side, it's pretty near the broker target price of 435p and has been on a good run recently. Plus, obviously, it's cyclical.
Should you buy? Ah, only you can make that decision!
