BBSI - reported earnings on Wednesday (BBSI Announces Third Quarter 2006 Operating Results). They seemed good. Revenues were up 7% Y o Y. I suppose that was disappointing as 3 quarters over 3 quarters is +29%. Outlook for 4th quarter is +20% Y o Y. Stock got pounded (unfairly IMHO) dropping over $2.
BLDR - had poor earnings, with revenues down 11% Y o Y (Builders FirstSource Reports Third Quarter 2006 Results). They basically expect to struggle durning housing downturn. Dropped about 3% on the news. This stock will go up sharply next year if/when the Fed cuts rates.
ELX - reported earnings on Thursday (Emulex Reports First Quarter Fiscal 2007 Results). They got crushed, down 8%. Not sure why the big drop, perhaps people realized the cost of stock compensation, which drops eps 10 cents from 27 cents to 17 cents. Again, that is a huge hidden cost with change in GAAP.
FDG - Had earnings that didn't seem very good to me (Fording Canadian Coal Trust - 2006 third quarter earnings results). The stock didn't move much, so I guess people were expecting it.
MGLN - Had very good earnings (Magellan Health Services Reports Third Quarter 2006 Financial Results) and signed a new contract (Magellan Health Stock Climbs on Contract).
MSTR - had extremely good earnings (MicroStrategy Announces Third Quarter 2006 Financial Results). The stock was up over 10%.
MTEX - was mentioned in a Herb Greenberg article that Texas AG (Herb Greenberg: Texas Attorney General probing Mannatech) is considering a lawsuit about unfair trade practices. The stock dropped 16%.
PACR - had very good earnings (Pacer International Reports 3rd Quarter 2006 Diluted Earnings per Share Up Over 26 Percent). This is a quiet company that really gets at what MFI is all about.
RAIL - made $2.88 per share (FreightCar America, Inc. Reports Record Performance with Third Quarter Net Income Per Diluted Share of $2.88 on Sales of $395.8 Million). People sure don't believe in this stock at $54 price. The backlog of rail cars dropped from 16,846 to 12,176. But they announced a deal with TXU (that will be in 4th quarter) for a blistering 7,680 rail cars. I don't understand why this stock is below $60.
TBL - met expectations with their earnings. They commented that environment in 2007 will continue to be tough (Timberland quarterly profit falls; forecast weak).
UST - had what I felt were good earnings but dropped 5% (UST Inc.'s shares tumble despite earnings surprise). I guess they have gone up so much that earnings needed to be spectacular.
Wow, full week! More Zip, Zap Zoot next week. Overall I am up 3%, but trail benchmark by quite a bit still. I do have room for a 30th stock. Not sure what I'll do. Iam happy that I sold PTSC at 93 cents. It has since fallen to 73 cents. I didn't need that stress any longer.
| Current Portfolio | |||
| Stock | Cost | Current | Gain |
| UST | $39.36 | $53.31 | 39.8% |
| MSTR | $94.36 | $120.19 | 27.4% |
| ANF | $61.13 | $77.39 | 27.2% |
| PNCL | $6.68 | $8.46 | 26.6% |
| TGIS | $10.34 | $12.77 | 25.4% |
| TRLG | $17.02 | $20.91 | 22.9% |
| MGLN | $38.34 | $44.68 | 16.5% |
| ASEI | $45.85 | $52.88 | 15.3% |
| MTEX | $13.11 | $14.94 | 15.2% |
| BBSI | $19.18 | $21.38 | 11.5% |
| VPHM | $11.80 | $13.15 | 11.4% |
| ISNS | $13.17 | $14.49 | 10.0% |
| PGI | $7.71 | $8.31 | 7.8% |
| CHKE | $37.55 | $38.60 | 6.0% |
| FTO | $28.76 | $29.85 | 4.0% |
| ELX | $17.85 | $18.25 | 2.2% |
| BLDR | $16.10 | $15.52 | -3.6% |
| KG | $17.31 | $16.66 | -3.8% |
| PACR | $32.53 | $30.97 | -3.9% |
| RAIL | $58.18 | $54.34 | -6.6% |
| PTEN | $26.72 | $23.22 | -12.7% |
| DLX | $26.36 | $22.00 | -14.1% |
| PONR | $30.98 | $25.74 | -16.9% |
| TBL | $34.50 | $28.24 | -18.1% |
| FDG | $34.03 | $25.02 | -21.8% |
| HW | $33.04 | $24.86 | -24.8% |
| ORCT | $11.83 | $8.45 | -28.6% |
| EZEN | $2.84 | $1.81 | -36.2% |
| OVTI | $27.79 | $15.72 | -43.4% |
| Current Gain/Loss ($) | $144 | ||
| Current Gain/Loss (%) | 0.0% | ||
| Sold Gain/Loss ($) | $10,050 | ||
| Sold Gain/Loss (%) | 25.0% | ||
| Total Gain/Loss ($) | $10,194 | ||
| Benchmark Gain/Loss ($) | $21,350 | ||
| Annual IRR | 7.4% | ||
| Total Gain/Loss (%) | 3.2% | ||
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