Dear Diary,
I just sold out of about 70% of my Harley Davidson (HOG) position at $38.57, due to a ratio of Total Assets to Shareholder Equity that presents more than $2 in TA for every $1 in SHE and a ratio of less than $2 in Current Assets to every $1 in Current Liabilities. I do continue to hold some HOG for a possible recovery. I did take about a $9 per share loss on those shares sold, but I see other opportunities for diversification in my old "Holy Grail" criteria that I developed 10 years ago.
I also removed Abercrombie & Fitch (ANF) from "My 20 Favorites" for having a Current Ratio problem (i.e. Current Assets to Current Liabilities).
I made a buy of Crocs, Inc. (CROX) at $9.96 per share with a p/e ratio of 5, plus a minimal brokerage fee.
I also bought Coach (COH) at $35.33 and Kinetic Concepts (KCI) at $38.31, plus a minimal brokerage fee.
Gene
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2005, In Front of IRS Building, Washington, D.C.
Diary of a Business Investor
Gene Chapman
2005, In Front of IRS Building, Washington, D.C.
About Me
- Gene Chapman, Author
- P. O. Box 295545, Lewisville, Texas 75029
- MahatmaGandhiGlobalLibrary.blogspot.com or LibertarianGlobalLibrary.blogspot.com gkchapman2012@hotmail.com "Creating World Peace One Word at a Time" And for those who wish, you are invited to participate in funding all aspects of and in the building of a physical library building within walking distance of both the White House and the U. S. Capitol Building in Washington, D. C., as a voice of nonviolence and a safe harbor for Gandhian intellectuals in this epicenter of political violence on earth.
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