Wednesday, February 27, 2013

Bought Some Gold

Probably the most beaten down sector so far this year is gold miners.  Gold is not exactly off to a sparkling start, but miners are doing even worse. GDX, the gold miner's ETF is down a bit more than 10%.

I already owned NSU and FCX.  NSU is a highly speculative play, that is part gold but frankly more copper.  FCX is copper, gold and with the soon to be closed purchase of PXP and McMahon Exploration will have a large oil & gas component.

I decided to buy NEM, this is a large mining company (over $20b) that is relatively cheap (8 x forward earnings) and pays a decent dividend (3.4%). They are trading at their 52 week low, around $41 versus a 52 week high of $62.  They have joined my dividend portfolio.

I also sold MPC on Monday.  I now just own one refiner (HFC).  MPC was a great stock for me, my original purchase a year ago ended up 87%! 


Stock Shares Avg Cost Current Price Dividends Received Pct Change R3K Change Diff
AAPL             151        527.49        448.97            397.50 -14.4% 5.9% -20.3%
ABR         4,500            7.18             7.53                     -   4.9% -1.5% 6.3%
AOD       12,969            3.91             3.93            270.00 1.0% 0.1% 0.8%
BHK         2,270          12.79           14.88        3,118.18 27.1% 11.3% 15.8%
CIM       20,000            2.77             2.94                     -   6.0% 1.5% 4.5%
CSCO         4,292          17.22           20.61        2,013.95 22.4% 12.9% 9.5%
CSQ         5,519            8.29           10.34        6,001.20 37.8% 28.4% 9.5%
FCX         1,560          32.17           31.93            343.75 -0.1% 4.3% -4.4%
HFC             904          36.03           54.30        1,960.20 56.7% 9.8% 46.9%
INTC         1,996          20.99           20.58        2,442.56 3.9% 21.9% -18.0%
JPM         1,684          35.29           47.60        1,494.26 37.4% 12.8% 24.6%
JQC         3,135            9.18           10.33        3,755.66 25.5% 11.1% 14.4%
KMF         1,873          22.08           31.74        4,453.63 54.5% 24.7% 29.8%
NEM             800          41.18           41.44                     -   0.6% 0.0% 0.6%
O             560          19.51           44.90        7,563.81 199.3% 76.0% 123.2%
OIBAX         3,948            4.94             6.53        6,820.74 67.1% 76.8% -9.7%
PGR         2,118          20.56           24.30        2,596.23 24.2% 10.9% 13.2%
PRE             540          67.58           88.27        1,628.69 35.1% 11.1% 23.9%
PVD             427          65.11        103.50        3,787.87 72.6% 25.1% 47.5%
SAI         4,726          12.83           11.32        1,938.29 -8.6% 6.6% -15.1%
STO         1,040          23.82           25.11        1,121.00 10.0% 27.5% -17.6%

           



           



           



           



           



           



           










Total Open

           51,708 20.9% 13.2% 7.7%
Closed



13.1% 9.8% 3.3%
Combined



15.3% 10.8% 4.5%
Annualized IRR Since 12/31/10

16.5%

2013 Gain



5.2%


GA reported earnings (Giant Interactive Announces Fourth Quarter and Fiscal Year 2012 Results and Regular Dividend of US$0.42 Per ADS) last night and announced a 42 cent dividend and a switch (going forward) to semi annual dividends.  I am starting to wish I had bought more.  If they pull back, I may buy for my dividend portfolio, not just MFI.

Also, SLCA had blow out earnings yesterday and shot up about 18%.  I am having seller's remorse.

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