Peter Lynch Portfolio September 2023

The Free Peter Lynch Portfolio for September has some new names… let’s take a look at this month’s entrants:

• Magic Software Enterprises Ltd (MGIC)
• Sinclair Inc (SBGI)
• Trustco Bank Corp N Y (TRST)
• Northrim BanCorp Inc (NRIM)

A quick glance at Magic Software’s (MGIC) key stats shows it has a 5.84% dividend yield. It has a PEG ratio of 0.2475 and a pretty steady 5-year earnings growth rate of 18.56%. It’s price has been in decline since June ‘21. The reason for the slide isn’t immediately available but I’m guessing it might be collateral damage from overall tech pessimism.

I wrote a few new articles. This article on cyclical energy stocks is worth a read now that oil prices are on the rise again. It might be a good time to add some energy to your portfolio. One of the three company’s is up over 30% YTD excluding the generous dividends.