It can be dangerous to become fond of shares that you own, you need to maintain a neutral perspective on your shares in-case you need to sell one.
But, having said that, I do like some of my shares more than others.
Here are three shares that I'm happy to own in my portfolio:
Altium Limited (ASX: ALU)
I'm glad I own Altium because it is, by far, my best performing share. Letting your winners run is usually good advice because there's a good chance that business can keep growing.
That's the mentality I'm taking with Altium. It just delivered 50% earnings per share growth in its latest report, yet it could have many more years of strong profit growth because of the growing Internet of Things concept in homes and in our other areas of life.
Altium is currently trading at 44x FY19's estimated earnings.
Greencross Limited (ASX: GXL)
I'm glad I own Greencross because it's one of the first shares I bought and I have a personal affinity to it because Petbarn is where I get my pet's food from.
Just because you use a business doesn't mean it's a good investment. I do think Greencross is a good investment because it has defensive earnings and the company is investing for growth by co-locating a Greencross vet inside a Petbarn which should boost revenue and save on costs.
Greencross is trading at 12x FY19's estimated earnings.
I really like Bapcor because it's one of the few shares in my portfolio that has a PEG ratio of under 1. This means the expected growth is higher than the price/earnings ratio.
It's rare to find that type in value on the ASX, particularly with a company of good quality and experienced management. The business is improving margins excellently by generating synergies with its acquired businesses.
Bapcor is trading at 19x FY18's estimated earnings.
Foolish takeaway
The Altium share price has done so well recently that it's hard to say it's good value at above $20, but it could do very well over the next five years. At the current prices I'd say Greencross is my favourite because it's steadily growing earnings at a very low price/earnings ratio, whilst Bapcor is attractively valued considering how much it could grow over the next couple of years.
