Weekend Update - 4/20/13

Well, I am back from my trip to New York last week.  I have posted on the left a picture I took of a large Sea World banner over the NYSE yesterday.  I "sea" their IPO went up 24% on day one. Shamu was seen taking some of his proceeds and was gambling in the high stakes area of Las Vegas that is saved for the Whales...

It was not a good week for my various portfolios.  Overall I was down 4.5%.  The dividend portfolio was down 3.5%.  I am too bummed to figured out the other ones.

But that is okay.  As I mentioned in my car analogy yesterday, just because people are willing to pay less for your car one week versus the next; it still has value to you in driving to work, having fun etc.  None of the functionality is gone.  Same with a portfolio.  I am spinning off the same dividends I was a week or two ago.  I think you mentally kick yourself as you think those stocks you bought two weeks ago, you could have bought 5 or 10% cheaper today.  Get over it. 

Transactions

I did make a couple of modest transactions during the week. I remain about 30% in cash. Most were at the margins, I added to my TC-PT, AAPL, SD and GNW positions as my analysis shows those are the best buys out there.  I also re-bought my position in GTAT, I just believe in their story.  Finally, I did pull the trigger on BAC-WTA. Here is a good article describing these warrants (BAC Stock And Warrant Returns Relative To Book Value).  Essentially they have a strike price of $13.30 with an expiration date of 1/16/2019.  So almost six years away.  I paid $5.09 for the warrants, so if BAC goes above $18.39 after 6 years, I will have made money.  I also get accrual of dividends over 4 cents a year.  The book value of BAC is over $20.  It is a levered play for me, but seems a very calculated risk given the 6 year window.

Dividend Portfolio

Stock	Shares	Avg Cost	Current Price	Dividends Received	Pct Change	R3K Change	Diff
AAPL	211	495.59	390.53	397.50	-20.8%	7.3%	-28.1%
ABR	4,567	7.19	7.23	540.00	2.1%	1.8%	0.3%
AOD	13,054	3.91	4.02	972.60	4.6%	3.5%	1.1%
CIM	20,000	2.77	3.16	1,800.00	17.2%	4.9%	12.3%
CSCO	4,328	17.24	20.46	2,743.60	22.3%	16.5%	5.8%
CSQ	5,593	8.32	10.40	6,771.23	39.6%	32.1%	7.4%
FCX	1,577	32.13	28.24	831.20	-10.5%	7.8%	-18.2%
INTC	1,996	20.99	22.44	2,442.56	12.7%	26.0%	-13.2%
NEM	1,408	39.84	32.98	340.00	-16.6%	1.1%	-17.7%
O	563	19.61	49.00	7,767.11	220.2%	81.2%	139.0%
OIBAX	3,972	4.95	6.57	7,066.27	68.6%	82.1%	-13.4%
PGR	2,118	20.56	24.74	2,596.23	26.3%	14.7%	11.6%
PRE	540	67.59	92.90	1,628.69	41.9%	14.9%	27.0%
RIG	1,250	51.79	48.53	-	-6.3%	-0.6%	-5.6%
SAI	4,766	12.84	14.09	2,505.42	13.8%	10.1%	3.8%
STO	1,040	23.82	23.45	1,121.00	3.0%	31.8%	-28.8%
TC-PT	4,500	15.75	14.00	-	-11.1%	-0.9%	-10.2%
Total Open				39,523	9.3%	12.4%	-3.2%
Closed					15.3%	9.8%	5.6%
Combined					13.8%	10.4%	3.4%
Annualized IRR Since 12/31/10					15.9%
2013 Gain					5.6%

MFI Tranches

Definitely losing some ground here, down by an average of 4%.  KFY, NSU and UIS have given back most of their earlier gains.  February tranche is looking strong though.

8/15/12 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
DLB	$34.43	$31.86	$4.00	4.2%	12.4%
KFY	$13.98	$15.84	$0.00	13.3%	12.4%
MSFT	$30.19	$29.77	$0.46	0.1%	12.4%
NSU	$3.62	$3.37	$0.05	-5.4%	12.4%
UIS	$19.96	$19.77	$0.00	-1.0%	12.4%
Totals				2.3%	12.4%
11/15/12 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
AAPL	$537.62	$390.53	$2.65	-26.9%	15.9%
ABC	$40.21	$55.92	$0.21	39.6%	15.9%
LPS	$23.89	$24.45	$0.20	3.2%	15.9%
VIAB	$49.12	$66.19	$0.55	35.9%	15.9%
WU	$12.77	$14.47	$0.25	15.3%	15.9%
Totals				13.4%	15.9%
2/1/13 Stocks	Start	Current	Dividend	Pct Gain	R3K Gain
AAPL	$450.60	$390.53	$2.65	-12.7%	2.6%
GA	$6.10	$7.00	$0.00	14.8%	2.6%
STRZA	$16.06	$21.96	$0.00	36.7%	2.6%
CA	$25.07	$24.36	$0.25	-1.8%	2.6%
NUS	$41.94	$49.68	$0.30	19.2%	2.6%
Totals				11.2%	2.6%