I actually created a portfolio of ten stocks at $10 or lower to start tracking. They were up 1.8% today in a totally flat day. So the pendulum may be beginning to swing back a bit. I'll print my graphs and charts a bit later.
I renewed TGIS in my portfolio for another year. It has been a big disappointment, ending up down about 27%. By my approach, I move that into my "closed" bucket and treat it as a new purchase in my tracking (though I obviously did not actually sell and buy it). TGIS is not officially on the list, but that seems to me to be a data glich as they have one iitem marked "n/a" on their financials. I went in and got the actual number and plugged it in.
My next stock to "mature" will be PACR, which has been an absolute disaster (down 41%). It is still on most lists and I may keep it... we'll see, I might go for a tax loss. One stock I am considering is IAR (strange made-up name of Idearac). This is a new company that went public a bit more than a year ago. They have dropped since July from over $35 to about $18. They now pay a 7.7% dividend and Barron's profiled them as a stock worth considering (A Risky But Rewarding Dividend Play).
They are a boring company, publishing yellow pages. Though they also have an online presence with superpages.com. Since they just went public, I expect they are one of these companies taken private by pivate equity, given a make-over (lots of lipstick and eye shadow) and then sold back to the public.
The big issue (that I see) with IAR is that they have a ton of debt. Over $9b for a company with a market cap under $3b. That being said, debt for a company is not entirely bad. It is a cheaper way to raise funds than issuing stock and if you have a steady cash flow you'll be ok. They have had very steady financials for the 5 quarters I looked at. I suppose the yellow page business could go south witha recession or people will spend a greater and greater proportion of advertising $ on Google etc. But I remember DLX last year at about $15 (certainly old time company printing paper checks) and it has doubled since. So there is still $ to be made in the old economy. I don't know. It'll be on my watch list. They do seem cheap, though they spiked about 10% today.
|Gain/Loss Open Positions ($):||($42,517)|
|Gain/Loss Open Positions (%):||-6.8%|
|Gain/Loss Closed Positions ($):||$39,416|
|Gain/Loss Closed Positions (%):||5.6%|
|Total Gain/Loss ($):||($3,101)|
|Benchmark Gain/Loss ($):||$69,648|
|Total Gain/Loss (%):||-0.5%|