Since August 2009 I have not been that active in terms of buying or selling stocks simply because I have not found the share market that interesting. On one hand it is hard to find stocks that offer enough value to make me part with my cash and on the other, the market has not rallied far enough to entice me to sell much.

My overall strategy therefore has been to simply look for stocks that might have good turnaround potential in 2011 and beyond, or try and take some profits where I feel a stock has rallied perhaps just a little too far.

Only two stocks I have been watching have met the above criteria:

Brambles Limited (ASX:BXB)

The global financial crisis has made me respect boring blue chips companies more than I have perhaps in the past. Brambles is not into new high tech gadgets, complicated financial deals or building office towers in Dubai, but it does have a pallet business (CHEP) that provides a fairly reliable source of income and their document storage/management business (Recall) looks fairly solid as well..

I therefore made a small additional purchase of shares in BXB last year and am now close to seeing the holding of these shares actually move into positive territory.

It is nothing to get excited about I know, but after a few years of watching stocks go down and a few holdings being wiped out, it is nice to finally see something work out as I planned..well almost anyway.

Hopefully the trend will be my friend and the BXB share price will continue to slowly climb upwards over the next few years and reward my patience.

Brambles Limited 1 year stock chart (March 2010)

BHP Billiton (ASX:BHP) 1 year stock chart (March 2010)

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