Back Above Breakeven

Definitely treading water thus far in 2010. Good news is that I have bounced back from 3 weeks ago. Here is the update of my chart:


I continue to be heavy in cash, about 17%. Here are my current holdings, note my newest stock: TNDM.

WILC	222%
KHD	44%
SHE	71%
CBI	59%
AMED	61%
UEPS	41%
CMFO	44%
ENDP	36%
UTA	25%
BR	29%
AGX	27%
HCKT	20%
RTN	25%
PFE	28%
CF	19%
BIOC	18%
CYTK	17%
FRX	29%
ESI	16%
CEU	13%
BKE	18%
RGR	12%
PRIM	13%
IDCC	9%
QKLS	8%
TNDM	5%
GTLS	4%
GXDX	3%
UIS	2%
CBPO	2%
KSW	3%
PVSW	3%
CSKI	1%
WTW	0%
RAI	-1%
TRMS	-2%
LIWA	-2%
JCOM	-6%
QCOR	-14%
TSRA	-25%
GIGM	-42%
CHCG	-54%
JTX	-56%

I can't recall if I profiled TNDM. I bought them this week as a "mechanical" stock. They will surely be on the list this weekend. They are involved with broadband connectivity between compteting networks. Here are their stats, prior to their 12/31 earnings:

		tndm
+	Operating Income After Depreciation	59.65
-	Minority Interest - Income Account	-
=	Income for Calculation	59.65
	Diluted Shares Outstanding	34.181
	Share Price	16.12
+	Market Cap Calc	551.00
+	Preferred Capital	-
+	Debt in Current Liabilities	0.70
+	Long-Term Debt	-
	Cash and Short-Term Investments	158.23
-	Excess Cash	158.23
=	Enterprise Value	393.46
+	Property Plant and Equipment - Net	45.66
+	Receivables	22.03
+	Inventories	-
+	Other Current Assests	21.03
+	Working Cash	-
-	Accounts Payable	2.30
-	Current Liabilities - Other	10.42
=	Invested Capital	76.00
	Earnings Yield	15%
	ROIC	78%

Ok, but not ungodly. It used to be my formula (which uses Fidelity financials) was in perfect sync with MFI website, but not so any more. It does look like 4q 09 is about 25% higher than 4q 08, so that improves the ratios a bit. They are definitely making money, past year the shareholder equity has gone from 180m to 240m.

There is definitely starting to be some turnover on the lists... it will be my chance to put some of that 17% to work. I will post the new stocks this weekend.