Reporting season is nearly finished and the dust is settling on another compelling set of inside looks into how the business world is doing.
Unless you only have your eye on a few key shares it can be very hard to get a clear picture of new investment ideas when the whole share market is reporting.
I mentioned to one of my colleagues that reporting season is like Christmas, except we spend most of our time opening presents instead of getting to play with what's inside. We move onto the next package as soon as we've finished opening the last one.
Once the pace has slowed down we can take the time to really look at how our holdings performed, not just the headline figures. Is the investment thesis still intact? Was the result so good that we could buy more if the value is right?
There were a few short-term disappointments in my portfolio like Challenger Ltd (ASX: CGF) and InvoCare Limited (ASX: IVC). However, I'm confident of their long-term success and I'll be looking to top up if they don't rise in price.
I had a few positive surprises like Altium Limited (ASX: ALU) – who would have thought it would go up by more than 20% on the day?
Foolish takeaway
Now that reporting season is done it's also a good time to look at our watchlist and consider shares that aren't in our portfolio. I haven't yet identified any individual shares that I'm going to add to my portfolio, but over the coming days and weeks I'll be having a good dig into some ideas.
