Taking Stock - Part 4

Taking Stock - Part 4

Almost done. I am sure my thousands hundreds dozens of readers are chewing their nails waiting for the final installment. As a reminder, I am reviewing all my holdings to help me decide what I should do with new money as well as whether there is anything I should be selling.  This last group of 10 stocks comprise 13% of all my holdings. Note the top 10 was about 46%. So I definitely have a skew.

Here are all 37 holdings:

Stock	Avg Cost	Current Price	Dividends	Gain per Share	Pct Gain	Pct of Portfolio
GTAT	3.39	12.11	-	8.72	257.2%	7.8%
GNW	7.10	15.21	-	8.11	114.1%	6.3%
KLIC	11.41	11.55	-	0.14	1.2%	4.9%
BBEP	16.16	21.08	1.05	5.98	37.0%	4.5%
INTC	22.25	24.42	1.42	3.59	16.1%	4.2%
RPXC	16.36	16.10	-	(0.26)	-1.6%	4.2%
AOD	7.93	8.27	0.58	0.92	11.6%	4.1%
NTC	12.00	12.04	0.06	0.09	0.8%	3.7%
ATVI	17.39	19.72	-	2.33	13.4%	3.6%
TGONF	10.27	10.61	0.19	0.52	5.1%	3.4%
CSQ	8.60	10.99	1.64	4.03	46.8%	3.4%
MBUU	17.50	18.35	-	0.85	4.9%	3.4%
C	51.52	48.26	-	(3.26)	-6.3%	3.3%
TC-PT	15.39	15.82	1.42	1.86	12.1%	2.9%
SBS	9.54	9.38	-	(0.16)	-1.7%	2.7%
CS	28.75	31.47	-	2.72	9.5%	2.6%
CF	185.70	242.97	2.38	59.65	32.1%	2.5%
SIRI	3.73	3.61	-	(0.12)	-3.2%	2.5%
FSC	9.64	9.71	-	0.07	0.7%	2.1%
BAC-WTA	5.35	7.11	-	1.76	32.8%	2.0%
SNDK	70.20	74.80	-	4.60	6.6%	1.9%
KLAC	61.35	64.97	0.45	4.07	6.6%	1.9%
HIG-WT	21.24	25.47	-	4.23	19.9%	1.9%
AGX	15.60	28.20	0.75	13.35	85.6%	1.9%
FGL	20.08	20.41	-	0.33	1.6%	1.9%
GA	8.96	11.38	0.23	2.65	29.5%	1.8%
WNR	39.80	38.98	0.26	(0.56)	-1.4%	1.8%
SYNA	48.01	62.27	-	14.26	29.7%	1.8%
RDA	9.74	18.04	0.10	8.41	86.3%	1.7%
RIOM	2.26	2.40	-	0.14	6.2%	1.6%
AVG	17.22	18.46	-	1.24	7.2%	1.5%
FLR	66.06	79.19	0.32	13.45	20.4%	1.2%
NVDA	13.85	18.64	0.24	5.03	36.3%	1.2%
O	20.46	43.41	15.05	38.01	185.8%	1.2%
OIBAX	4.99	6.05	1.93	2.99	59.9%	1.1%
CYOU	29.24	28.87	-	(0.37)	-1.3%	0.9%
IEV	46.28	48.08	-	1.80	3.9%	0.7%

I need to remind everyone to do their own due diligence.  I am just a drone with a computer. Now onward!

SYNA - This is a holding within my November MFI Tranche.  It is already up 30%. Wish I had bought more!  They make touchscreens (think smartphones) for android-based devices.  They trade at 15x 2014 earnings. They have a great balance sheet with $10 cash per share and virtually no debt.  They expect growth to be 27% for the year ending June 2014 and then 16% for the following year. This was a terrific buy at $48.01 (good job!).  They are still a decent buy, but it would take a pretty good sized pullback to make me buy more shares. Upside:  4 Risk:  2  Overall Grade: C.

RDA - great buy for my May tranche. Up 86% and being bought out. Classic example of how it would have been easy to sell at $15 when they got initial offer. One of my Schloss Golden Rules comments that investors often sell their winners too early and hold their losers too long.  There is so much "investor psychology". That is why it helps to have a formulaic, disciplined approach as much as possible.  Upside: 5 Risk: 1. Overall Grade: C.

RIOM - I bought this small mining company in January.  They were very cheap, but appeared to have hit bottom.  I am up 6% so far. They are gold, Copper and Silver from a mining area in Peru. They are still just trading at 9x future earnings and have a clean balance sheet. Obviously there is risk in the prices of metals, but it makes sense to have some exposure and RIOM seems like a goo way to play. Upside: 2 Risk: 3. Overall Grade: B.

AVG - this is a computer security company - think McAfee. Everyone seems to like them. They have a free version and a subscription version. They just announced strong earnings (AVG Reports Fourth Quarter and Fiscal Year 2013 Financial Results). If you just look at the numbers, for the year revenues were up 14% and non GAAP income was up to $2.16 from $1.40 in 2012. The one negative for me is book value.  They are at an abysmal $9m (they were actually -$22m a year ago). So while I love their story and their operations; I am not so crazy about the balance sheet (surprised I did not notice that before). Upside: 2 Risk: 3. Overall Grade: C.

FLR - Fluor is one of the mega construction firms out there. I bought them in August (along with AGX) as a play on a re-birth of construction as economy rebounds.  They are very good at LNG terminals, which provide some meaty jobs. They have had a great run for me (up 20%). I wish I had bought them earlier - I flagged them in late June and then they ran up another $5. This is a sleep safe stock, as long as economy doesn't slide.  But also looks pretty fully valued. Upside: 4 Risk: 2. Overall Grade: C.

NVDA - from my May MFI tranche (up over 35% for me). Best known for making high end chips and graphic cards for gaming computers. They are trying to break into tablet space as well as automotive (Smart Cars anyone?). I really like the company, but up more than $2 since start of year I think they are approaching fully valued. They have a fortress balance sheet, over $8 in cash per share! I am a little surprised no one has tried to buy them. Upside: 4 Risk: 2. Overall Grade: C.

O - Basic income stock from commercial real estate.  I have held this forever (10+ years).  It has more than doubled and is a great example of compounding in investing.  But looks pretty fully valued.  Well I sell, it will be a tax headache. So I may never sell! Upside: 5 Risk: 2. Overall Grade: C.

OIBAX - Bond fund (International) with Oppenheimer. Have also owned forever.  Doesn't really get more boring. But I think some bond positions are useful.  Same tax issue as O (both O and OIBAX were moved over from my wife's account - which was a widows and orphans type account). Upside: 5 Risk: 2. Overall Grade: C.

CYOU - this has certainly not been a boring stock since I bought for my May MFI tranche. I bought at $30. It went above $40 then had poor July earnings and dropped to $32. It then clawed back to $40 and had terrible October earnings and fell sharply to $28 (earnings days have not been happy here).  It clawed back to $33 until (all together now) February earnings pushed it down to $26.  Just glad I did not buy more.  They really seem to have some operational issues and must be losing gamers.  Great balance sheet though. Upside: 5 Risk: 4. Overall Grade: D.

IEV - smallest position.  This is a European ETF.  I will likely look to build position over the year as I think Europe is rebounding.  Upside: 2 Risk: 3. Overall Grade: B.

Whew!  I am finished.  Laptop batteries are getting quite warm. Have a great Sunday everyone. I am going to go watch a bit of Game of Thrones - Season 3.