Saturday, June 02, 2007

Great Week

Whatta week. Led by TRLG surging about 20%, my MFI portfolio passed the benchmark on Friday. Since news is good, I'll post my chart and current holdings first:



Reminder, the magenta line represts my cumulative gains week by week since I started. The Blue line is what I would have if I had just invested in Russell 3000 benchmark as a passive investor. Now here is my list of current holdings. They have really shot up recently.

Current Portfolio
Stock Purchase Date Cost Current Gain
TGB 03/27/07 $2.64 $3.71 40.5%
BBSI 09/06/06 $19.56 $25.19 29.9%
TRLG 05/17/07 $15.54 $19.94 28.3%
VPHM 09/11/06 $11.79 $14.70 24.7%
TGIS 05/10/07 $9.18 $11.28 22.9%
UNTD 05/01/07 $14.46 $17.21 20.4%
ASEI 10/05/06 $45.85 $54.23 18.3%
ISNS 07/07/06 $13.17 $15.56 18.1%
PDS 03/01/07 $22.58 $25.79 16.2%
FTO 05/09/07 $35.16 $40.80 16.0%
FDG 05/10/07 $25.45 $29.16 14.6%
LRCX 02/26/07 $47.51 $54.04 13.7%
CREL 02/26/07 $12.50 $13.97 11.8%
THO 03/26/07 $40.30 $44.90 11.4%
GVHR 04/03/07 $19.17 $21.15 10.8%
RAIL 05/10/07 $45.54 $49.57 9.0%
ANF 03/05/07 $74.81 $81.26 8.6%
KSW 05/10/07 $6.48 $7.00 8.1%
WSTG 05/15/07 $14.98 $16.00 7.5%
BLDR 09/18/06 $15.91 $16.98 6.8%
NOOF 04/27/07 $8.59 $9.03 6.6%
PNCL 05/02/07 $17.07 $18.14 6.3%
SHOO 01/17/07 $32.36 $33.19 2.6%
JTX 04/09/07 $28.70 $29.05 1.2%
VALU 05/29/07 $44.01 $44.01 0.0%
PACR 02/26/07 $28.26 $27.01 -3.9%
AEO 05/04/07 $28.42 $27.20 -4.3%
DGX 02/26/07 $52.11 $49.00 -5.8%
IVAC 03/06/07 $23.52 $19.20 -18.4%
HW 02/27/07 $24.00 $19.27 -19.7%
EGY 02/05/07 $6.42 $4.86 -24.3%










Gain/Loss Open Positions ($):
$42,793
Gain/Loss Open Positions (%):
8.5%
Gain/Loss Closed Positions ($):
$36,599
Gain/Loss Closed Positions (%):
11.1%
Total Gain/Loss ($):
$79,392
Benchmark Gain/Loss ($):
$78,078
Annual IRR:
21.4%
Total Gain/Loss (%):
16.9%

Stock Thoughts

NOOF reports their earnings this week. I have to admit I am a wee bit apprehensive as their CFO is leaving in what was a strange announcement (New Frontier Media Announces CFO Karyn Miller to Leave Company After Appointment of Successor).

JTX fell back to earth on Friday. I thought the early 10% spike post-earnings on Thurday was a little irrational. It has all been given back.

THO was upgraded yesterday and went up nicely (Thor Shares Jump on Analyst Upgrade). It is now a double digit gainer for me. Do me a favor and go buy your parents an RV!

TRLG was an absolute rocket this week. It closed last Friday at $15.63. Yesterday it closed at $19.94. I don't have a calculator handy, but $4.30/$15.63 is over 25% (4/16). About $1.4M shares traded Wed, Thursday & Friday against an average volume of 360K. 6.6M shares (46% of float) were shorted in this stock. There wasn't much news, but there must be some rumors. Perhaps the senior management was seen meeting with GS? They did mention "strategic opportunities" once.

I did buy two MFI stocks outside of MFI this week. I am no longer calling them sidecars and I will not explicitly track their performance. I bought BPT, for their 10% dividend to give my portfolio a little ballast. Then I watched Cramer on Wednesday or Thursday and he was trying to guess what stocks will enter the Russell 2000 index in June. Just for kicks, I tried to guess if any top 100 stocks will enter the index in June. HURC seemed to me like a likely candidate. So I bought some shares as a short term trade ("Mad Money") in my IRA.

2 comments:

J said...

Do you use time-weighted IRR or Money weighted IRR?

also, I remember you raved about how PNCL did for you a while. Has it come down this much?

justadrone said...

My IRR is based upon actual cash flows and when they occurred. So I supposed it is both money weighted and time weighted.

PNCL is now in 2nd year in my portfolio, so the 150% gain I had has been closed out and you are seeing the price movement since mid-May.

I "close" out all stocks after a year and then consider it a new stock even if I don't sell it. This way all sold stocks essentially have a one year term.