LMNS Reports Earnings

My big mistake of 2014, LMNS, reported earnings this evening after the bell (Lumenis Ltd. Reports First Quarter Financial Results). The stock is trading down 12 cents after hours (though it was up over 6% on news of a hedge fund taking a stake (Park West Asset reports 5.1% passive stake in Lumenis)).

I do not know what the market was expecting, but LMNS does not seem to be an unmitigated disaster. Revenue growth is 9.5%, they made 3.3m operating income (on a non GAAP basis excluding IPO costs), they expect 2014 EPS to be between 50 and 54 cents.  For a company that is growing, has some new FDA approvals and a stock price of $9.40 - that is not terrible.  I do not plan to hold this stock forever, but neither is it a hot potato.

I feel better.

In total, my portfolio was very good today, up almost 1.5%. LMNS helped, as did GNW and AVG.  In fact, my newest MFI tranche is off to a respectable start (3 1/2 days in):

5/6/2014	Start	Current	Dividend	Pct Gain	R3K Gain
AVG	$19.57	$19.80	$0.00	1.2%	1.1%
CA	$29.54	$30.17	$0.00	2.1%	1.1%
CSCO	$22.79	$23.19	$0.00	1.8%	1.1%
NSR	$25.82	$27.40	$0.00	6.1%	1.1%
RCII	$28.78	$29.72	$0.00	3.3%	1.1%
Totals				2.9%	1.1%