Listing

A Few Listings

In my MFI Diary, I keep track of a lot of things.  I actually enjoy it.  I share every week the performance of my portfolio - by component.  But I also have a lot of other lists.  I thought I would share some today, just as a catch up.  Who knows, maybe we can discover a few useful nuggets?

Not sure if anyone read Barron's yesterday, but it seems to me that even the "cheap" stocks are now not really that cheap.  They did not say that the market would drop, but they did say that the market rising from here is driven by momentum.  The quote by

Jeremy Grantham

 that caught my eye was: "Bubbles don't usually stop until sensible investors, value investors, and prudent investors have been hung out to dry and kicked around the block. That hasn't happened yet, so that tells you there is probably quite a bit left in this rally.".

Contest Update

At the start of the year (actually in Mid December, I set up a portfolio of 10 stocks for the year to compete with top 10 listings by Barron's, Merrill Lynch and others.  Here is the status in mid-March:

Player	Stock	Start	Current	Dividends	Change
MFI Diary	GNW	15.53	16.62	-	7.0%
	GTAT	8.72	16.81	-	92.8%
	SBS	11.34	8.60	-	-24.2%
	HIMX	14.72	14.69	-	-0.2%
	HIG-WT	27.53	26.63	-	-3.3%
	KLIC	13.30	12.33	-	-7.3%
	CF	233.04	252.32	1.00	8.7%
	BAC-WTA	6.47	7.99	-	23.5%
	RPXC	16.90	15.93	-	-5.7%
	ATVI	17.83	21.00	-	17.8%
	Total				10.9%
Player	Stock	Start	Current	Dividends	Change
Barron's	ABX	17.63	20.91	-	18.6%
	CNQ	33.10	35.80	-	8.2%
	DE	91.33	87.20	-	-4.5%
	GM	40.87	34.09	-	-16.6%
	INTC	25.96	24.50	0.23	-4.8%
	MET	53.92	51.71	0.28	-3.6%
	NSRGY	73.59	73.49	-	-0.1%
	SPG	152.16	161.07	1.25	6.7%
	AAL	30.02	36.34	-	21.1%
	C	52.11	46.88	0.01	-10.0%
	Total				1.5%
Player	Stock	Start	Current	Dividends	Change
ML/BAC	ADM	43.40	42.51	0.24	-1.5%
	CAT	90.81	95.39	0.60	5.7%
	CTL	31.85	30.62	-	-3.9%
	C	52.11	46.88	0.01	-10.0%
	CSCO	22.43	21.35	0.17	-4.1%
	DVA	63.37	68.20	-	7.6%
	XOM	101.20	93.47	0.63	-7.0%
	GM	40.87	34.09	-	-16.6%
	NEE	85.62	94.26	-	10.1%
	NUE	53.38	48.50	-	-9.1%
	Total				-2.9%
Player	Stock	Start	Current	Dividends	Change
Eric Y	CA	33.65	31.48	0.25	-5.7%
	CLCT	17.15	18.88	0.33	12.0%
	CSCO	22.43	21.35	0.17	-4.1%
	LO	50.68	51.86	0.62	3.5%
	MANT	29.93	29.15	-	-2.6%
	MSFT	37.41	37.70	0.28	1.5%
	PETS	16.63	13.10	0.17	-20.2%
	RGR	73.09	62.15	-	-15.0%
	USMO	14.28	15.49	-	8.5%
	VCI	34.25	34.02	-	-0.7%
	Total				-2.3%
Player	Stock	Start	Current	Dividends	Change
Cantor/Fitz	AAPL	561.02	524.69	3.05	-5.9%
	JNPR	22.57	25.62	-	13.5%
	DLR	49.12	51.51	-	4.9%
	FB	54.65	67.72	-	23.9%
	GOOG	1,120.71	1,172.80	-	4.6%
	DATA	68.93	90.31	-	31.0%
	SPLK	68.67	84.57	-	23.2%
	SVU	7.29	6.56	-	-10.0%
	TMO	111.35	122.25	-	9.8%
	VSTM	11.40	12.34	-	8.2%
	Total				10.3%

I am definitely holding my own - really helped by GTAT.  But that is the way of investing.  If you can just get a few good stocks, the rest of your picks can be so-so and you can still have very satisfactory results.

2014 Transactions

Here are all my buys in 2014 thus far.  I have to say I am really thinking about the recent quarter by CALL.  I am starting to think it is the real deal and even though it is up 70% since I almost bought in November, there may still be a lot of upside.  It may make my May tranche if it doesn't run away.

Date	Stock	O/C	Purchase	Current	$ Gain	% Gain
1/13	KLIC	Op	12.01	12.33	640	2.7%
1/13	SIRI	Cl	3.73	3.37	-5,352	-9.6%
1/14	TC	Cl	2.56	2.58	200	0.8%
1/16	C	Op	52.67	46.88	-5,785	-11.0%
1/17	RIOM	Op	2.26	2.36	1,500	4.4%
1/21	FGL	Cl	19.75	19.80	200	0.3%
1/21	NTC	Op	12.00	12.14	1,652	2.1%
1/24	C	Op	49.22	46.88	-1,170	-4.8%
1/27	TWM	Cl	50.45	50.72	1,100	0.5%
1/31	ATVI	Op	17.16	21.00	8,950	22.4%
1/31	KLAC	Op	61.35	66.88	3,896	9.7%
1/31	MBUU	Cl	17.50	19.18	6,720	9.6%
1/31	RPXC	Op	16.13	15.93	-505	-1.3%
1/31	SNDK	Op	70.20	73.28	1,753	4.4%
1/31	WNR	Op	39.80	40.66	1,122	2.8%
2/10	IEV	Cl	46.28	48.08	567	3.9%
2/10	MUSA	Cl	39.00	39.04	60	0.1%
2/12	AGII	Cl	43.53	44.00	705	1.1%
2/13	FGL	Op	20.08	23.53	7,030	17.5%
2/14	MUSA	Cl	39.25	39.04	-105	-0.5%
2/18	FSC	Op	9.64	9.40	-728	-1.6%
2/24	AOD	Op	8.33	8.29	-120	-0.5%
2/24	FGL	Op	20.01	23.53	3,585	17.9%
2/24	KLIC	Op	11.52	12.33	1,215	7.0%
2/24	PM	Op	78.60	79.89	1,290	1.6%
2/26	CS	Op	30.78	30.25	-527	-1.7%
2/26	FSC	Op	9.68	9.40	-393	-2.0%
2/27	BBEP	Op	19.47	20.16	854	4.4%
2/27	LMNS	Op	12.94	11.72	-9,750	-9.4%
3/4	RIOM	Op	2.24	2.36	1,200	5.4%
3/6	PXLW	Cl	7.39	7.63	2,377	3.2%
3/7	LMNS	Op	12.49	11.72	-6,160	-6.2%
3/7	PXLW	Cl	8.90	6.92	-9,920	-22.3%
3/7	TPVG	Op	15.55	16.20	3,250	4.2%
3/10	IWM	Op	119.28	117.54	-219	-1.5%
3/13	CALL	Cl	21.20	22.43	2,460	5.8%
Grand Total					11,592

Not unbelievably great, but in a market that has been pretty sideways, not bad either so far.  PXLW and LMNS have been the albatrosses so far.

Post IPO Buys

As my readers know, I have been dabbling in the post IPO market.  This is pretty risky stuff, so go into it with your eyes open and understand this is not necessarily value investing.  So far I have had generally good success.  Here is an update on how my buys have done and also how they have done post sale - which is pretty interesting.

Date	Stock	O/C	Purchase	Curr/Sold	$ Gain	% Gain	Current
10/18	VJET	Cl	22.09	24.13	2,040	9.2%	28.54
10/30	SCAI	Cl	26.80	26.95	465	0.6%	31.17
12/11	ATHM	Cl	28.80	35.03	18,690	21.6%	41.44
1/21	FGL	Cl	19.75	19.80	200	0.3%	23.53
1/31	MBUU	Cl	17.50	19.18	6,720	9.6%	22.68
2/13	FGL	Op	20.08	23.53	6,900	17.5%	23.53
2/24	FGL	Op	20.01	23.53	3,520	17.9%	23.53
2/27	LMNS	Op	12.94	11.72	-9,750	-9.4%	11.72
3/7	LMNS	Op	12.49	11.72	-6,160	-6.2%	11.72
3/7	TPVG	Op	15.55	16.20	3,250	4.2%	16.20
Grand Total					25,875		50,300

MFI Via Options

While I have not used options at anytime, I have tracked how a grouping of MFI stocks would have done had you bought options.  Here is a group I started in mid-January:

Stock	Start Price	Strike	Expire Dt	Option Price	Current/Final Option Price	Change
AAPL	531.88	30.00	1/17/15	69.50	56.04	-19%
APOL	30.38	27.00	1/17/15	6.80	7.90	16%
ATVI	18.16	17.00	1/17/15	2.75	4.75	73%
CA	33.88	30.00	1/17/15	4.70	3.10	-34%
COH	56.00	52.50	1/17/15	7.60	2.95	-61%
CRUS	19.09	18.00	1/17/15	4.40	3.50	-20%
CSCO	22.20	20.00	1/17/15	3.00	2.19	-27%
GME	45.38	40.00	1/17/15	9.45	4.80	-49%
HLF	81.90	77.50	1/17/15	19.10	5.80	-70%
LO	49.39	45.00	1/17/15	5.90	8.30	41%
MO	37.21	32.00	1/17/15	5.50	4.85	-12%
MSFT	35.89	30.00	1/17/15	6.55	8.05	23%
MYGN	23.65	20.00	1/17/15	5.00	15.20	204%
NOC	116.19	100.00	1/17/15	18.50	22.10	19%
QCOR	52.15	45.00	1/17/15	15.60	25.90	66%
RAI	48.37	45.00	1/17/15	4.75	10.60	123%
RGR	80.75	75.50	1/17/15	9.27	3.00	-68%
RTN	90.44	85.00	1/17/15	9.70	16.40	69%
SWHC	14.96	12.00	1/17/15	3.60	2.65	-26%
UIS	32.01	30.00	1/17/15	6.00	4.50	-25%
WTW	32.85	30.00	1/17/15	5.90	1.00	-83%
FLR	79.04	75.00	1/17/15	10.40	6.90	-34%
CF	246.08	210.00	1/17/15	47.00	52.00	11%
HPQ	27.52	25.00	1/17/15	4.50	5.38	20%
Average						6%

As you can see, this approach is not for the faint of heart.  You could only even think about it across a large portfolio and be prepared in a down market to lose over 50%. Pass.

MFI Index For The Week

Here is a listing of how my 50 stock MFI Index performed this past week:

Stock	Start	Last Week	Current	YTD Change	Weekly         Change
ATVI	17.83	20.11	21.00	17.8%	4.4%
MO	38.39	36.81	36.34	-5.3%	-1.3%
APOL	27.32	32.99	32.24	18.0%	-2.3%
AAPL	561.02	533.49	527.74	-5.9%	-1.1%
AGX	27.56	28.94	28.28	2.6%	-2.3%
BAH	19.15	21.98	21.77	13.7%	-1.0%
BKE	52.56	48.05	45.41	-13.6%	-5.5%
CA	33.65	33.18	31.73	-5.7%	-4.4%
CACI	73.22	78.78	76.09	3.9%	-3.4%
CHE	76.62	86.20	85.90	12.1%	-0.3%
CRUS	20.43	19.36	19.06	-6.7%	-1.5%
CSCO	22.43	21.90	21.52	-4.1%	-1.7%
COH	56.13	48.82	49.45	-11.9%	1.3%
CRTX	9.49	9.50	9.50	0.1%	0.0%
DLX	52.19	52.39	52.94	1.4%	1.0%
DHX	7.25	7.25	7.01	-3.3%	-3.3%
EBIX	14.71	17.16	17.07	16.0%	-0.5%
EGL	33.40	44.91	43.86	31.3%	-2.3%
GME	49.26	38.52	38.98	-20.9%	1.2%
GTIV	12.41	8.72	8.83	-28.8%	1.3%
GNI	68.10	21.80	21.69	-68.1%	-0.5%
HLF	78.70	65.04	58.34	-25.9%	-10.3%
IQNT	11.41	14.81	14.16	24.1%	-4.4%
ESI	33.58	29.85	28.50	-15.1%	-4.5%
LPS	37.38	37.30	37.30	-0.2%	0.0%
LQDT	22.66	26.72	26.63	17.5%	-0.3%
LO	50.68	53.61	52.48	3.5%	-2.1%
MSFT	37.41	38.18	37.98	1.5%	-0.5%
MYGN	20.98	38.17	35.01	66.9%	-8.3%
NATR	17.32	15.62	15.73	-9.2%	0.7%
NOC	114.61	124.91	122.05	6.5%	-2.3%
PDLI	8.44	8.27	8.26	-2.1%	0.0%
PFMT	10.30	8.00	7.78	-24.5%	-2.8%
PETS	16.63	14.42	13.27	-20.2%	-8.0%
PRSC	25.72	28.85	27.44	6.7%	-4.9%
QCOR	54.45	66.30	63.60	16.8%	-4.1%
RTN	90.70	101.27	100.09	10.4%	-1.2%
RAI	49.99	53.55	55.01	10.0%	2.7%
RPXC	16.90	15.95	15.93	-5.7%	-0.1%
SAIC	33.07	38.06	35.33	6.8%	-7.2%
SWHC	13.49	13.79	13.92	3.2%	0.9%
STRA	34.47	47.49	46.03	33.5%	-3.1%
RGR	73.09	64.42	62.15	-15.0%	-3.5%
UIS	33.57	33.32	29.99	-10.7%	-10.0%
UNTD	13.76	11.07	10.94	-20.5%	-1.2%
USMO	14.28	14.68	15.49	8.5%	5.5%
USNA	75.58	73.39	72.27	-4.4%	-1.5%
VCI	34.25	34.02	34.02	-0.7%	0.0%
VGR	16.37	20.75	21.43	30.9%	3.3%
WTW	32.93	20.46	20.48	-37.8%	0.1%
Total	17,682	18,016	17,673	-0.1%	-1.9%

Obviously it has been a struggle so far this year.  The past week was pretty much parallel with my own overall portfolio and R3K.

My Top 20 Stocks of All Time

Here is a listing of my 20 best stocks of all time in overall $ gain (with multipler).  No surprise GTAT leads the list:

Stock	Gain	Cumulative Gain	% of Total
GTAT	202,087	202,087	16.6%
GNW	71,062	273,149	22.5%
IST	64,863	338,013	27.8%
SBS	55,630	393,643	32.4%
HIMX	46,620	440,263	36.2%
VR	41,242	481,505	39.6%
TC	38,861	520,366	42.8%
CSQ	38,771	559,137	46.0%
PVD	37,277	596,413	49.0%
NUS	36,439	632,853	52.0%
RNR-C	33,480	666,333	54.8%
ENH-A	33,076	699,409	57.5%
PM	32,216	731,625	60.2%
KMF	27,528	759,153	62.4%
PRE	27,235	786,388	64.7%
JPM	26,589	812,977	66.9%
GA	26,192	839,169	69.0%
OMG	26,005	865,174	71.2%
CSCO	25,542	890,715	73.3%
HFC	25,350	916,066	75.3%

So you can see my top 20 stocks account for 75% of my overall gains (I have been tracking since 2002 and I have owned over 400 securities).  That emphasizes my point about a few good stocks.

Results By Country

Here is a table from my MFI tracking that shows results by country.  Obviously the vast majority of companies are USA.  You can see how bad China is (a lot of the reverse mergers in there).  I also noticed that Israel is pretty strong (Magic Jack anybody?).

Country	Avg Pct Chg	Count
Bermuda	56.4%	1
British Virgin Islands	26.6%	2
Canada	7.1%	186
Cayman Islands	43.7%	40
China	-26.5%	106
Ireland	29.1%	39
Israel	24.1%	30
Netherlands	42.2%	18
Russia	152.5%	9
South Africa	-14.1%	14
Switzerland	16.6%	18
Taiwan	-27.5%	24
United Kingdom	11.5%	8
USA	9.9%	4,372
Grand Total	9.7%	4,867

Results By # Of Letters

This one always feels a little funny, but what the heck.

Letters	Avg Pct Chg	Count
2	20.6%	186
3	15.0%	1,804
4	6.9%	2,806
5	0.0%	21
7	-53.6%	37
8	-66.1%	13
Grand Total	9.7%	4,867

Stunning, isn't it?  Perfect descending order.  Hard to believe a single letter stock has never made the list - just imagine (ha-ha) how well it would do.  Hey, Kellogg is K.  What are the two letter stocks currently on the list?  MO, CA and LO.

I think I have rambled on long enough.