Dear Diary,
I'm up 19% overall on invested capital in my investment activities.
Also, I sold out my Bare Essentials position for $18.11 a share on January 28, 2010 after an expected sale of the company for $18.20 a share was announced to close by March 8, 2010. This represented a 125% gain on the original buy price months ago.
I've been reading some of Benjamin Graham's ideas on the inablilty of gold to hold its value in his book, "Storage and Stablity." Hum.
Gene
Saturday, March 6, 2010
Thursday, December 31, 2009
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
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
Tuesday, December 29, 2009
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
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
Wednesday, November 25, 2009
Bought GLD (Gold)
Dear Diary,
I returned the monies I took out for living expenses earlier this year to zero out my taxes for 2009, as they relate to my Roth IRA.
I've been investing in a college degree this semester, so my stock activities are slow. However, I did take a substantial position in gold (GLD) today at $115.79 a share. I think the gross spending of our Marxist (Republican and Democrat) government should lead to hyperinflation in the real economy, so gold provides the safest hedge against such foolishness. And the education I'm seeking in a broad number of fields that can translate globally can provide assurances of food on the table in the years ahead, should my views on the collapse of the Untied States Government from its present form prove true.
Gene
I returned the monies I took out for living expenses earlier this year to zero out my taxes for 2009, as they relate to my Roth IRA.
I've been investing in a college degree this semester, so my stock activities are slow. However, I did take a substantial position in gold (GLD) today at $115.79 a share. I think the gross spending of our Marxist (Republican and Democrat) government should lead to hyperinflation in the real economy, so gold provides the safest hedge against such foolishness. And the education I'm seeking in a broad number of fields that can translate globally can provide assurances of food on the table in the years ahead, should my views on the collapse of the Untied States Government from its present form prove true.
Gene
Friday, August 21, 2009
160% Gain!
Dear Diary,
I just sold out my MNTX position for $1.95 a share, based on Working Capital of $1.97 a share. This represents a 160% gain over a holding period of just under four (4) months.
I reinvested the proceeds into ETFC at $1.43 a share, bringing down my average purchase price from $2.45 a share to $1.64 a share. This position is to be sold at Working Capital of $19.48 a share. All trades do not include minimal brokerage fees.
My overall investment activities are down only 1% since the crash of 2008-09 with multiple prospects for 100% gains or better in the coming months.
Gene
I just sold out my MNTX position for $1.95 a share, based on Working Capital of $1.97 a share. This represents a 160% gain over a holding period of just under four (4) months.
I reinvested the proceeds into ETFC at $1.43 a share, bringing down my average purchase price from $2.45 a share to $1.64 a share. This position is to be sold at Working Capital of $19.48 a share. All trades do not include minimal brokerage fees.
My overall investment activities are down only 1% since the crash of 2008-09 with multiple prospects for 100% gains or better in the coming months.
Gene
Monday, August 10, 2009
Buying Buckle, Inc.
Dear Diary,
I just sold out my minor CTDB position at $0.061 a share (buy was $0.135) and my HLYS position at $2.05 (buy was $2.16) in order to take a substantial position in Buckle, Inc., a pure Holy Grail.
BKE has a projected p/e ratio of 10, and so I bought at $27.23 with a widening Net Profit Margin.
All trades do not include a minimal brokerage fee.
My overall investment activities are now down only 3% from my original investments began before the crash of 2008-09.
Gene
I just sold out my minor CTDB position at $0.061 a share (buy was $0.135) and my HLYS position at $2.05 (buy was $2.16) in order to take a substantial position in Buckle, Inc., a pure Holy Grail.
BKE has a projected p/e ratio of 10, and so I bought at $27.23 with a widening Net Profit Margin.
All trades do not include a minimal brokerage fee.
My overall investment activities are now down only 3% from my original investments began before the crash of 2008-09.
Gene
Monday, July 27, 2009
Sold ROX
Dear Diary,
The best presentation I had for ROX in "Value Line" was that ROX had Working Capital of $1.19 a share in 2007. This past week, the new "Value Line" listed it to have $0.16 a share for 2008, so I' sold out at $0.2233 a share just now, a razor thin profit from the $0.22 a share original purchase price.
Conclusions: 1) Buying at a 70% discount to Working Capital protects the investor from loss. 2) The investor should stay away from stocks that do not have current information, it seems.
Gene
The best presentation I had for ROX in "Value Line" was that ROX had Working Capital of $1.19 a share in 2007. This past week, the new "Value Line" listed it to have $0.16 a share for 2008, so I' sold out at $0.2233 a share just now, a razor thin profit from the $0.22 a share original purchase price.
Conclusions: 1) Buying at a 70% discount to Working Capital protects the investor from loss. 2) The investor should stay away from stocks that do not have current information, it seems.
Gene
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