Well, off to a roaring start on quarterly earnings today. I will start withThe Good
FLL - my little casino company that could just keeps making money (Full House Resorts Announces EPS of $0.12 and $0.32 for the Three and Nine Months Periods Ended September 30, 2010). The headline kind of says it all. They have made 32 cents of very steady earnings through the 1st 3 quarters. I suspect you can pro-rate that to about 44 cents for the year. This is a stock trading at $3.85, with $17.5 million of cash and no debt and a $66m market cap. Still cheap, cheap, cheap.
The Excellent
CCME - while I am not qualified to give stock advice, I hope a couple of you bought CCME after seeing me mention them and of course doing your own research. They made 81 cents a share (56 cents a year ago) (China MediaExpress Holdings, Inc. Announces Third Quarter Financial Results) and have now earned $1.86 for 9 months (vs $1.31 a year ago). I think you can pretty much at the bare minimum add the 81 cents in the 4th quarter so the year will be about $2.70. Then add in $170m in cash (keep in mind this is a stock trading around $21 and a $700m market cap). They were in my top 20 on Sunday, with these earnings and even with a nice pop today, CCME still looks relatively cheap as well.
The Day
With strong earnings from CCME and FLL, my purchase of NEP paying instant dividends (already up 8%) and NEWN spiking almost 18% (in part perhaps this favorable article commenting about how NEWN may benefit from Apple {A Stealth Tech Play}), I was up another 2.9% today.
So since 6/28 when I made my transformational move, I am up 34.4% vs 13.8% for the Russell 3000. It is extremely tempting to start taking some $ off the table. But I will stay the course for the time being. I think a few of my stocks are "fairly" valued (PM, CEL, UNTD and RAI). But many of them still have room to go up (CEU, CCME, EESC, TTT, NEP, STRA for example).
| Symbol | Initial | Current | Pct Gain | R3K Change |
| CCME | $9.49 | $21.15 | 122.8% | 13.2% |
| CEL | $26.22 | $33.33 | 30.2% | 14.3% |
| CEU | $4.61 | $5.34 | 15.8% | 5.3% |
| CHKE | $18.18 | $20.18 | 14.2% | 13.9% |
| CMFO | $5.29 | $6.78 | 28.1% | 9.4% |
| CMTL | $26.66 | $31.05 | 17.4% | 7.2% |
| EESC | $2.20 | $1.95 | -11.4% | 6.7% |
| FLL | $3.15 | $3.66 | 16.2% | 10.7% |
| INTC | $18.97 | $21.19 | 11.7% | 8.1% |
| KSW | $3.66 | $3.15 | -11.8% | 8.3% |
| $6.08 | $6.46 | 10.3% | 7.2% | |
| NEP | $7.10 | $7.68 | 8.2% | 1.1% |
| NEWN | $6.53 | $8.80 | 34.7% | 4.8% |
| NVMI | $5.94 | $6.69 | 12.7% | 3.6% |
| PETS | $16.40 | $17.22 | 5.0% | 4.3% |
| PM | $44.30 | $60.05 | 38.3% | 12.6% |
| RAI | $53.55 | $66.12 | 28.5% | 7.8% |
| SNDK | $38.28 | $41.36 | 8.0% | 3.8% |
| STRA | $129.55 | $141.75 | 9.5% | 3.8% |
| TTT | $9.42 | $14.89 | 61.1% | 25.0% |
| UNTD | $5.90 | $7.14 | 22.6% | 14.2% |
| Grand Total | 26.2% | 8.6% |
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