Buying DECK, KCI and BKE

Dear Diary,

I bought shares of Decker Outdoor (DECK) at $103.26, based on a projected expanding Net Profit Margin in the "Value Line" presentation from 12.7% in August, 2009, to 13.3% presently, to 14.29% for 2010. The p/e ratio was 12.45 yesterday, about as high a p/e ratio as I would ever want to buy a stock.

Shares of Kinetic Concepts (KCI) were purchased at $38.32 a share, based on a projected expanding Net Profit Margin, as well. The NPM was 12.0% in the August, 2009, "Value Line," 12.5% presently and 12.7% in 2010. The p/e ratio was 9.98.

Shares of Buckle (BKE), one of the best run companies in the world, were purchased at $29.83 a share, based on a projected steady Net Profit Margin from 13.7% in the August, 2009, "Value Line," to 13.7% presently, to 13.7% for 2010. The p/e ratio was 10.87. This brings the average buy price to $29.02 a share.

Gene

Sells @ Working Capital

Dear Diary,

I just sold out my PERY position at $14.90 a share, based on Working Capital of $14.70 a share. The buy price was $7.11 on April 27, 2009.

I just sold out my SBSA position at $0.78 a share, based on Working Capital of $0.56 a share. The buy price was $0.18 a share on April 27, 2009.

I just sold out my AGO position at $22.24 a share, based on Working Capital of $21.23 a share. The buy price was $13.60 a share on May 11m 2009.

I just sold out my CTHR position at $1.14 a share, based on Working Capital of $0.91 a share. The buy price was $0.4689 a share on September 9, 2009.

Gene