My earnings thus far have been quite good. When I look at earnings, I now try to do so with a bent towards MFI. I am really interested in how Operating Income after Depreciation the current quarter compares with the same number a year ago. Because the difference between those two numbers will be going into the MFI calcs. I am also interested in how the enterprise value changes, driven largely by changes in cash and changes in debt.
- ASEI - as I mentioned last night, they released their earnings and indeed they were very positive. The stock was up 8.5% today.
- GVHR - they reported earnings this morning (Gevity Reports Second Quarter Earnings Results). While I wasn't blown away, it is clear that expectations were quite low as the stock had fallen in the past month from $18.78 to $14.07. The report was good for a 6.5% bump.
- SHOO - reported earnings this morning as well (Steven Madden, Ltd. Announces Second Quarter Results). I that they were lukewarm, but the early traders liked them and the stock quickly traded up over 6%. It was all quickly given back and the stock finished down 1.4%.
- PNCL - Reported earnings this morning (Pinnacle Airlines Reports Second Quarter 2007 Financial Results). They just aren't able to match last year's numbers. Not bad numbers, but certainly not inspiring. The stock traded down 1%
- PACR - reported after the bell this evening (Pacer International Reports Second Quarter 2007 Financial Results). While the numbers were worse than a year ago, they were actually not that far off and the CEO made some noises about intermodal volumes improving. The happy hour crowd seemed pleased, and the stock traded about 14% up this evening.
- TRLG - pretty much reported in line (True Religion Apparel Reports 2007 Second Quarter Financial Results). What really amazes me about this company is that they're expanding their sales network, but at the same time increasing their gross margins. I do think they're setting the table for some big numbers down the road.
- UNTD - I was sorely tempted this afternoon to sell a chunk of my IRA and buy a bunch more UNTD. The stock was down 6.6% mid-day and had fallen in the past month from over $17 to below $12. I thought they reported a very nice quarter (United Online Reports Second-Quarter Results). They pay over a 6% dividend and what is very interesting is they are "transforming" (did you watch the movie?) from an ISP to a content company. Content & Media grew 29% YoY (13% QoQ) and is now 38% of all revenues. That segment gets a lot of advertising dollars and generates a lot of earnings with little capital (think Google). If that keeps growing, some one may want to buy UNTD just for that component as the company is priced like an ISP rather than a Facebook or Youtube. The stock is up about 6% AH.
Here is a tracking portfolio that I set up on July 24th. It pretty much tells the story of the past 2+ weeks (note the portfolio is down a whopping 10.4% while the Russell 3000 is down 3.8%... sound familiar?):
| Symbol | Shrs | Price Paid | Trade | Gain | |
|---|---|---|---|---|---|
| ALOY | 1,011 | 9.89 | 8.54 |  $1,364.85 | 13.65% |
| AVR | 633 | 15.81 | 15.17 | $405.12 | 4.05% |
| HW | 639 | 15.64 | 15.44 | $127.80 | 1.28% |
| IWV | 1 | 88.37 | 85.01 | $3.36 | 3.80% |
| KG | 561 | 17.83 | 15.97 | $1,043.46 | 10.43% |
| MTEX | 930 | 10.75 | 8.81 | $1,804.20 | 18.05% |
| OPMR | 1,307 | 7.65 | 6.275 | $1,797.13 | 17.97% |
| PACR | 450 | 22.21 | 22.41 |  $90.00 | 0.90% |
| TGIS | 966 | 10.35 | 9.08 | $1,226.82 | 12.27% |
| TZOO | 435 | 22.99 | 20.3799 | $1,135.39 | 11.35% |
| USHS | 1,117 | 8.95 | 7.85 | $1,228.70 | 12.29% |
| Total (USD): | - | - | - | $10,046.83 | 10.04% |
Happy investing everyone! The MFI approach will rise to the top over the long haul.
Posts
No comments:
Post a Comment