Also, adding a stock to the Bullpen does not necessarily mean we would buy it at the current price. Before initiating a position, we are typically waiting for certain events to unfold — both company-specific and macro-oriented — or for a more attractive entry point. The latter is the case with some of these industrial names we are looking to buy as many have had huge runs over the past month. But we do have plenty of cash at our disposal and could always look to start small.
A Caterpillar Excavator is seen working at a construction site near the New York Harbor in Brooklyn, New York, March 4, 2021.
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