Earnings Starting to Arrive

Tis the Season... earnings season that is. I am actually two-fer-two so far, but many many to go.

FRX - one of my many pharma plays had solid earnings to start the week (Forest Labs Posts 3Q Results, Ups Guidance). This has been an extremely steady stock for me, up about 32%, even with the sell-off today. I have no idea whether the downfall of Obamacare is a positive or negative for Forest.

ESI - when I picked this for profit educator when they came on the mechanical screen a few months ago I had a choice between them or Apollo. I went with ESI as I liked the fact that they focused more on technical education, which seems like where the jobs will be to me. I was not disappointed as they shot up 6& today on a very nice earnings report (UPDATE - ITT Education Q4 results, 2010 EPS view top Wall St).

So they expect 20% growth next year, I'd argue they are still pretty darned cheap trading about 10x 2010 expected earnings. I guess the threat is that Obama changes the rules regarding govt sponsered student loans.

I did use the sell-off the past two days to start building a bigger position in gold. I already owned a chunk of HBMFF from MFI days of past. Today I bought some GG and CDE. On another 5% drop I'll buy some more.

Here is a quick post of the top 25 mechanical portfolio:

Symbol		Original	Current	Dividend	S&P O	S&P D	Stock Chg	S&P Chg	Diff
COH	2/14/09	13.97	34.10	-	82.76	2.18	144.1%	37.6%	106.5%
DELL	2/21/09	8.41	14.39	-	77.42	2.18	71.1%	47.1%	24.0%
SOLR	2/21/09	4.22	6.31	-	77.42	2.18	49.5%	47.1%	2.4%
DECK	2/28/09	41.27	103.51	-	73.93	2.18	150.8%	54.0%	96.8%
FWLT	2/28/09	15.04	32.43	-	73.93	2.18	115.6%	54.0%	61.6%
HCKT	2/28/09	2.56	2.59	-	73.93	2.18	1.2%	54.0%	-52.9%
MWW	2/28/09	6.59	16.64	-	73.93	2.18	152.5%	54.0%	98.5%
PTIE	2/28/09	4.53	5.21	-	73.93	2.18	15.0%	54.0%	-39.0%
TRLG	2/28/09	10.22	20.62	-	73.93	2.18	101.8%	54.0%	47.7%
qlti	3/6/09	1.41	4.65	-	68.92	2.18	229.8%	65.2%	164.6%
exbd	3/6/09	12.96	23.99	0.74	68.92	2.18	90.8%	65.2%	25.6%
FIX	3/13/09	9.73	12.28		76.09	2.18	26.2%	49.7%	-23.5%
DBTK	3/13/09	6.65	10.39	-	76.09	2.18	56.2%	49.7%	6.6%
LOOP	3/13/09	5.77	9.95	-	76.09	2.18	72.4%	49.7%	22.8%
PRO	3/27/09	4.29	8.89	-	81.61	1.62	107.2%	38.8%	68.4%
ACN	4/9/09	27.71	43.09	-	85.81	1.62	55.5%	32.1%	23.5%
INFI	4/16/09	5.83	6.10	-	87.08	1.62	4.6%	30.1%	-25.5%
TSRA	5/1/09	14.52	18.88	-	87.89	1.62	30.0%	28.9%	1.1%
RST	5/1/09	29.83	18.33	-	87.89	1.62	-38.6%	28.9%	-67.5%
ulcm	5/1/09	8.72	10.05	-	87.89	1.62	15.3%	28.9%	-13.7%
TYPE	5/1/09	3.80	9.44	-	87.89	1.62	148.4%	28.9%	119.5%
CRAY	5/1/09	3.98	5.15	-	87.89	1.62	29.4%	28.9%	0.5%
INT	5/8/09	41.90	51.90	-	92.98	1.62	23.9%	21.9%	2.0%
IPHS	5/15/09	15.03	20.95	-	88.71	1.62	39.4%	27.7%	11.7%
GNI	5/29/09	86.75	89.00	3.60	92.53	1.62	6.7%	22.5%	-15.7%
UTA	5/29/09	7.90	10.23	-	92.53	1.62	29.5%	22.5%	7.0%
FRX	6/5/09	23.66	30.62	-	94.55	1.62	29.4%	19.8%	9.6%
ONTY	6/11/09	2.60	5.26	-	95.08	1.62	102.3%	19.2%	83.1%
VM	6/11/09	4.24	5.50	-	95.08	1.62	29.7%	19.2%	10.5%
BPI	6/19/09	16.74	14.75	-	92.04	0.51	-11.9%	21.9%	-33.8%
MTXX	7/2/09	5.77	4.50	-	91.84	0.51	-22.0%	22.2%	-44.2%
JTX	7/2/09	5.74	3.44	-	91.84	0.51	-40.1%	22.2%	-62.2%
GIGM	7/24/09	4.98	3.00	-	98.06	0.51	-39.8%	14.4%	-54.2%
CBI	7/31/09	13.95	22.24	-	98.81	0.51	59.4%	13.6%	45.9%
BR	7/31/09	17.27	22.23	0.28	98.81	0.51	30.3%	13.6%	16.8%
LO	7/31/09	73.72	75.73	-	98.81	0.51	2.7%	13.6%	-10.8%
ITWO	8/7/09	14.36	19.48	-	101.20	0.51	35.7%	10.9%	24.8%
BKE	8/14/09	26.54	30.53	2.00	100.79	0.51	22.6%	11.3%	11.2%
GTLS	8/14/09	20.73	18.48	-	100.79	0.51	-10.9%	11.3%	-22.2%
PRIM	8/14/09	6.95	8.05	0.05	100.79	0.51	16.5%	11.3%	5.2%
SEPR	8/14/09	18.12	23.00	-	100.79	0.51	26.9%	11.3%	15.6%
PVSW	8/14/09	5.00	4.79	-	100.79	0.51	-4.2%	11.3%	-15.5%
CEU	8/21/09	5.10	6.54	-	102.96	0.51	28.2%	9.0%	19.3%
cytk	8/28/09	3.04	3.06	-	103.38	0.51	0.7%	8.5%	-7.9%
jcom	8/28/09	22.14	18.96	-	103.38	0.51	-14.4%	8.5%	-22.9%
AMED	9/4/09	35.00	57.97	-	102.06	0.51	65.6%	9.9%	55.7%
MIPS	9/18/09	3.72	4.17	-	106.72	0.51	12.1%	5.1%	7.0%
MHP	9/25/09	23.67	33.34	0.23	104.45	0.59	41.8%	7.5%	34.3%
AGX	10/16/09	12.50	13.71	-	108.89	0.59	9.7%	3.1%	6.6%
BBND	10/30/09	3.70	3.25	-	103.56	0.59	-12.2%	8.4%	-20.6%
FLR	10/30/09	44.42	46.54	-	103.56	0.59	4.8%	8.4%	-3.7%
RGR	10/30/09	10.62	10.96	-	103.56	0.59	3.2%	8.4%	-5.2%
RTN	10/30/09	45.28	53.64	0.31	103.56	0.59	19.1%	8.4%	10.7%
VRSK	10/30/09	27.43	28.04	-	103.56	0.59	2.2%	8.4%	-6.2%
immu	11/6/09	3.61	4.34	-	107.13	0.59	20.2%	4.8%	15.4%
cbst	11/6/09	17.60	20.57	-	107.13	0.59	16.9%	4.8%	12.1%
snta	11/6/09	3.20	4.63	-	107.13	0.59	44.7%	4.8%	39.9%
CNU	11/13/09	3.10	4.92	-	109.62	0.59	58.7%	2.4%	56.3%
IDCC	11/20/09	23.56	25.68	-	109.43	0.59	9.0%	2.6%	6.4%
PDLI	11/27/09	6.63	6.68	-	109.57	0.59	0.8%	2.5%	-1.7%
ARO	12/4/09	28.95	34.42	-	111.01	0.59	18.9%	1.2%	17.7%
CBPO	12/4/09	9.06	10.99	-	111.01	0.59	21.3%	1.2%	20.1%
SHE	12/31/09	5.15	8.13	-	111.44	-	57.9%	0.2%	57.6%
						Totals	24.9%	6.6%	18.3%
68.9% of stocks beat the S&P 500 Benchmark						Closed	11.8%	-10.3%	22.1%
S&P C			111.70			Open	37.5%	22.9%	14.7%