I mentioned a while back that mergers seem to happen on Monday. I had a sweet one occur this morning. NSS ("Nice") is being bought out by another MFI firm (IPS). The price is a "nice" 40% premium (NS Group to be acquired for $1.46 billion). This is my 3rd MFI stock to be purchased in the short 6+ months I have been t this. It just re-affirms that these stocks are (for the most part) undervalued. To make it even better for me, NSS was one of the stocks I had bought more for my IRA based upon my analysis (Plus a little this-a-and a little that-a). As they used to say in the A Team, "I love it when a plan comes together!"I did sell my NSS today, both in my retirement account and in my MFI portfolio. I have added VPHM to my MFI portfolio as it was down about 5% today. Then I bought FTO at $27.49 in my IRA account as a ST play thinking it is underpriced. We'll see.
A little bit about my newest holding, VPHM. I have been watching it for several months. I did want to add a pharma to my portfolio as I like the LT trend on pharmas with Uncle Sam helping seniors with drugs. VPHM is up about 30% in the past 4 weeks, but they are down a ton at $11.77 from over $20 earlier this year. Analysts expect them to earn $1.10 in 2007 and grow revenues 18%. Seems good for a stock under $12.
Besides NSS, it was a pretty poor day for my portfolio. But the NSS pop did allow my MFI portfolio to gain a little ground.
| Current Portfolio | |||
| Stock | Cost | Current | Gain |
| UST | $39.36 | $54.22 | 40.6% |
| TRLG | $17.02 | $21.88 | 28.6% |
| PCU | $78.13 | $88.47 | 19.3% |
| MGLN | $38.34 | $44.46 | 16.0% |
| MTEX | $13.11 | $14.96 | 14.7% |
| PGI | $7.71 | $8.36 | 8.4% |
| ANF | $61.13 | $64.78 | 6.5% |
| PNCL | $6.68 | $6.96 | 4.2% |
| VPHM | $11.80 | $11.78 | -0.2% |
| BBSI | $19.18 | $19.06 | -0.6% |
| MSTR | $94.36 | $92.55 | -1.9% |
| ELX | $17.85 | $17.36 | -2.7% |
| TGIS | $10.34 | $9.94 | -2.8% |
| RAIL | $58.18 | $55.98 | -3.7% |
| KG | $17.31 | $16.50 | -4.7% |
| FTO | $28.76 | $26.98 | -6.1% |
| CHKE | $37.55 | $33.76 | -6.9% |
| ISNS | $13.17 | $11.66 | -11.5% |
| PTEN | $27.74 | $24.31 | -12.1% |
| TBL | $34.50 | $28.48 | -17.4% |
| PACR | $32.53 | $26.54 | -17.5% |
| FDG | $34.03 | $26.82 | -18.6% |
| EZEN | $2.84 | $2.30 | -18.9% |
| ORCT | $11.83 | $8.78 | -25.8% |
| PONR | $32.97 | $23.89 | -27.5% |
| DLX | $26.36 | $17.16 | -32.4% |
| PTSC | $1.31 | $0.84 | -35.9% |
| HW | $37.42 | $20.68 | -44.7% |
| OVTI | $27.79 | $15.11 | -45.6% |
| Current Gain/Loss ($) | -$23,090 | ||
| Current Gain/Loss (%) | -7.5% | ||
| Sold Gain/Loss ($) | $9,495 | ||
| Sold Gain/Loss (%) | 31.5% | ||
| Total Gain/Loss ($) | -$13,595 | ||
| Benchmark Gain/Loss ($) | $2,591 | ||
| Annual IRR | -11.3% | ||
| Total Gain/Loss (%) | -4.7% | ||
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