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This is an actual
snapshot of our 10-Stock Portfolio after the April 16, 2007 update
for our readers.
The current
portfolio is shown in the first box below, and previous transactions
as well as explanations for the changes are listed below that. News,
commentary and current market conditions are also shown.
During this update,
all stocks were higher, and Jones Soda (JSDA) was up over 130%.
Additional news and
other information is posted to our live portfolio for all readers.
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New issues posted
on the 1st and 15th of every month, before the market opens.
If the 1st or 15th
fall on a weekend or holiday, updates are posted the next trading day.
Next Update:
Tuesday, May 1st
Current
Market Conditions (All Times EST)
***New Portfolio Holdings
as of
April 16, 2007***
See
below for latest transactions & prices.
Click on the stock
name or symbol for a current quote (new window).
Portfolio Value As Of Close
On Friday, April 13, 2007: $20,194.40
Up $514.26 (2.61%) for the day.
(Value Includes $34.77 in cash.)
JSDA up
133%+
Current Quotes (15 Min Delay)
Change shown is today's change.
Sales proceeds and
purchase prices will be calculated using
closing
prices on the day of the announcement. We wait until the close
as these are
prices that could have been had by our readers.
We believe this to
be the most fair method of calculating returns,
even though it
will usually lower our average slightly.
***Transactions***
April 16, 2007
Selling:
FactSet
Research Systems (FDS)
Taking all proceeds and purchasing the
following:
Emdeon
Corporation (HLTH)
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REMOVING: |
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FDS
Sales proceeds will be calculated using the closing
prices on Monday, April 16, 2007.
FDS has had a nice run, although it took much longer
than anticipated. Several technical indicators were
broken and we will get rid of FDS here.
Some valuation concerns have finally arisen as growth
has slowed and we feel we'll see some downgrades at
these levels. We'll move on and take our 30+% gains. |
This is a
live 5-day chart.
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ADDING: |
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HLTH
The number of shares to be purchased will be calculated
using the closing prices on Monday, April 16, 2007.
Emdeon
Corporation provides health information services in the
United States. It operates in four segments: WebMD, ViPS,
Porex, and Emdeon Business Service.
HLTH is
gaining momentum. Although it's up quite a bit recently,
we feel that HLTH has a ways to go.
Earnings
will be announced on May 3rd and we'll be waiting for
the news as well.
HLTH has
shown positive signs in leveraging its position in the
industry and its varied business model can help stave
off shortcomings in specific areas.
We may not
hold HLTH for very long (like FDS), but we feel that
20-30% in gains is an easy target in the next few
months. |
This is a
live 5-day chart.
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***Transactions***
April 2, 2007
Selling:
CECO
Environmental (CECE)
Taking all proceeds and purchasing the
following:
Trina Solar
Ltd (TSL)
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REMOVING: |
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CECE
CECE closed at $12.32. The portfolio had 82 shares.
Total proceeds totaled $1,010.24.
CECE broke through several technical barriers this week.
Sure, we listened to the conference call for the latest
quarterly earnings.... and we were positive. However,
the results did not show the growth that was "expected",
so the stock tanked. Our number ONE rule is... the
'market' is always right, even when it's wrong.
We feel that a bounce is on its way, so holders may wish
to wait and catch a rebound before deciding to sell.
Actually, we do not want to sell CECE here, but our
rules say we must.
Readers may want to hang on for a while to catch the
imminent gains and make back any losses before selling
and moving on. As you can see from Friday's action,
momentum is higher... waiting for gains would be a wise
move. |
This is a
live 5-day chart.
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ADDING: |
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TSL
TSL closed at $44.75 on Monday, April 2. The portfolio
will add 22 shares.
Trina Solar Ltd. is a Chinese manufacturer of solar
photovoltaic modules and recently had its IPO. TSL
doesn't make anything special, but it makes
"alternative-energy" products at a low cost.
The stock has moved much higher from its recent IPO. We
feel (much like Jones Soda - JDSA) that momentum has
carried the stock this far, and will do so in the future
as well. This is a "buzz" stock, one that can do no
wrong.
Be careful here... while we expect to see TSL pause here
for a short while, and continue a move higher, more
risk-adverse investors may wish to avoid TSL for the
moment.
We like the stock, and its potential, but like JSDA, it
can be risky... risk that pays off in the long run. |
This is a
live 5-day chart.
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***Transactions***
March 15, 2007
Selling:
Input/Output, Inc. (IO)
Saba
Software (SABA)
Taking all proceeds and purchasing the
following:
Brocade
Communications Systems (BRCD)
Global
Industries, Ltd. (GLBL)
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REMOVING: |
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IO
The Portfolio had 77 shares. IO closed at $12.16 for
total proceeds of $936.32.
When IO announced its quarterly results, its profits
fell, and so did the stock. This turn of events caught
most (including us) by surprise.
The stock has broken some technical lines and we feel
that IO will languish here, at least until the next
quarterly announcement. We don't care to wait that long. |
This is a
live 5-day chart.
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SABA
The Portfolio had 180 shares. SABA closed at $5.98 for
total proceeds of $1,076.40.
SABA surprised a lot of investors the other day when it
announced it was going to show a loss for Q3. A loss was
not expected. Even though the loss was manageable, the
fact that SABA broke to a loss has a profound
psychological impact on investors. Consequently, SABA
broke through several technical barriers we were
watching and may not be done dropping. |
This is a
live 5-day chart.
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ADDING: |
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BRCD
Brocade closed at $9.77 on March 15. We will be adding
103 shares.
Brocade is just positively cheap. It's technicals have
advanced as well, setting us up to recommend this one.
BRCD offers design, development, marketing, sale, and
support of data storage networking and data management
solutions.
BRCD's margins are improving, revenues are increasing at
a great clip as well as net income. Combine that with
the technical aspects and BRCD is a nice buy here.
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This is a
live 5-day chart.
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GLBL
Global closed at $16.80 on March 15. We will be adding
60 shares.
Global
Industries has been tearing up the entire industry
lately. We like the management and actually worked with
them for a while, although not all of them are still
there from when we worked on the trading floor, helping
these guys sell their restricted stock and stock
options. GLBL provides construction services to the
offshore oil industry, primarily in the Gulf of Mexico.
GLBL has
beaten estimates for the last FOUR quarters by an
average of 60%. However, it's P/E ratio is still under
10 at these levels. That's way too cheap to pass up. We
feel that GLBL should be trading near a 20 P/E ratio...
at least. The industry average is 23. |
This is a
live 5-day chart.
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***Transactions***
March 1, 2007
Selling:
Safety
Insurance Group (SAFT)
Best Buy
Stores (BBY)
First
Marblehead (FMD)
Taking all proceeds and purchasing the
following:
Saba
Software (SABA)
International Shipping (ISH)
CECO
Environmental Corp (CECE)
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REMOVING: |
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SAFT
The Portfolio had 37 shares. SAFT closed at $42.25 for
total proceeds of $1,563.25.
Safety Insurance Group has been hit on all sides and has
broken through some technical barriers. We'll leave the
stock here.
The state has mandated lower insurance rates for this
year which will put pressure on SAFT's profits and
revenues. That was the last blow that sent this well-run
company's stock dropping. |
This is a
live 5-day chart.
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BBY
The Portfolio had 28 shares. BBY closed at $46.79 for
total proceeds of $1,310.12.
Best Buy just can't catch a break. It is a well-run
company that we thought would be able to capture a large
amount of net income over the holiday season with the
higher-end flat screen TVs. That didn't seem to be the
case as BBY was not able to move enough of the
higher-end screens, and wasn't able to get enough into
some stored in the first place.
Circuit City and CompUSA are closing stores. This should
be good for BBY, right? It is, but investors are too
worried that BBY will also succumb. |
This is a
live 5-day chart.
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FMD
The Portfolio had 22 shares. FMD closed at $45.66 for
total proceeds of $1,004.52.
First Marblehead seems to be turning a corner here.
However, the stock closed over 18% below our purchase
price, a number we like to stick to. The gains that FMD
should see will be slow in coming, so we are OK with
moving on. |
This is a
live 5-day chart.
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ADDING: |
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SABA
SABA closed at $7.22. We will add 180 shares.
Saba is a fast-growing software company that specializes
in using software to provide education and human capital
solutions. A large growth industry right now is the
computerized learning systems that SABA (and others)
offers. SABA also has a performance suite which helps
companies streamline and also offers a talent suite
which helps companies replace lost workers and prepare
new leaders. We are more excited about the learning
software solutions for academia.
Many learning institutions use another firm's software
(Blackboard). SABA's new suite offering allows SABA
virtual classes to be delivered through their Blackboard
Learning System. Technology is back in the limelight. |
This is a
live 5-day chart.
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ISH
ISH closed at $17.10. We will add 75 shares.
International Shipholding Corporation, through its
subsidiaries, operates a diversified fleet of U.S. and
foreign flag vessels that provide international and
domestic maritime transportation services to commercial
and governmental customers under medium-to long-term
charters or contracts.
ISH is
growing, is attracting attention and right now is
trading below book value. ISH is also in the process of
selling some assets which will help streamline the
comapny. We hope that management uses that cash to
repurchase stock! |
This is a
live 5-day chart.
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CECE
CECE closed at $15.73. We will add 82 shares.
CECO
Environmental Corp. provides air pollution control
products and services. It engages in the engineering,
design, and building equipment, and installing systems
that clean and destroy airborne contaminants from
industrial facilities, as well as equipment that
controls emissions from such facilities.
CECE is
growing hand-over-fist. In February alone, it announced
$22.7 million in new contracts. Quarterly net income is
growing rapidly and we should see profits continue.
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This is a
live 5-day chart.
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