| MFI Performance | ||
| ITD | Annual | |
| 2006 | 10.74% | 10.74% |
| 2007 | -6.57% | -15.63% |
| 2008 | -41.60% | -37.50% |
| 2009 | 0.71% | 72.47% |
| 2010 | 10.90% | 10.12% |
| 2011 | 9.03% | -1.69% |
| IWV Performance | ||
| ITD | Annual | |
| 2006 | 11.23% | 11.23% |
| 2007 | 4.65% | -5.91% |
| 2008 | -30.54% | -33.63% |
| 2009 | -13.95% | 23.87% |
| 2010 | 1.65% | 18.14% |
| 2011 | 8.09% | 6.34% |
| MFI Index Performance | ||
| ITD | Annual | |
| 2006 | 8.30% | 8.30% |
| 2007 | -6.88% | -14.02% |
| 2008 | -35.98% | -31.26% |
| 2009 | -11.07% | 38.92% |
| 2010 | 9.19% | 22.77% |
| 2011 | 16.27% | 6.49% |
SCEI was my latest flop (and NEWN before it). Both of them had what appeared to be "good" earnings. But it is clear that no one believes them any more.
SCEI was down 13% on Friday as I think the big negative was a delay of their 10k (Sino Clean's 131% Revenue Growth Viewed Skeptically by Some).
NEWN was down from $5.77 to $4.81 on the week, despite this very nice headline (New Energy Systems Group Reports 2010 Results; Revenues rise 259% to $94.7 Million, Adjusted EPS of $1.46 Beats Estimates).
Again, the only reason for a stock earning $1.46 per share, growing revenues by over 200%, giving strong guidance and trading at under $5 is that no one believes the numbers.
It has been an expensive lesson (so far) and I know there are many of you on the board saying "i told you so", and I admit you were right. Don't cry for me and the family. MFI is about 10% of our total investments and these RTOs are certainly less than 1/2 of my MFI. So we'll still be able to buy our dream house.
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1 comment:
I have been burned by these as well. I have had 6 or so, including the ones you mention. I'm riding them out, even though they could go to 0. Like you, they are a small part of my portfolio. I am excited by my performance of non RTOs in my MFI portfolio. Once they are out, I am hoping to crush the markets long-term. Over the 15 months I've been doing it, I am easily 5-10% ahead of markets annually without the RTOs. MFI1 on fool.com is where I am tracking actual portfolio. 12/09 and 3/10 portfolios were not added, but did very well.
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