In Pittsburgh this morning visiting Carnegie-Mellon. The home of the Scotties. This was my best week in recent memory, up over 4%. Just everything went right. Actually looking back at my history, dollar wise this was my best week ever. So I am now up 4.2% on the year, while the R3K is up 2.3%. My MFI Formula is up 6.7%, but MFI select is still down 1.7%.
MFI Select
As I mentioned, these guys are still down 1.7% for the year. And that includes 5% in the month of February. January was just a tough month. Recall how sharply my Feb 1st tranche sold off in January. Just for fun, here is the tranche that just closed:
| 2/1/14 Stocks | Start | Current | Dividend | Pct Gain | R3K Gain |
| $17.13 | $20.90 | $0.20 | 23.1% | 12.9% | |
| $61.47 | $61.47 | $18.40 | 29.9% | 12.9% | |
| RPXC | $16.22 | $12.35 | $0.00 | -23.9% | 12.9% |
| $69.55 | $75.91 | $0.83 | 10.3% | 12.9% | |
| WNR | $39.11 | $37.13 | $3.04 | 2.7% | 12.9% |
| Totals | 8.5% | 12.9% |
You can see it lost by 4.4 percentage points. Since I closed it, these five stocks are up 9.2%! R3K is up 5.2%, so if I had held two more weeks, I'd still be behind, but just by a whisker (18.5% to 18.8%).
Here are my open tranches:
| Start | Current | Dividend | Pct Gain | R3K Gain | |
| AVG | $19.57 | $20.73 | $0.00 | 5.9% | 12.9% |
| CA | $29.54 | $32.63 | $0.75 | 13.0% | 12.9% |
| $22.79 | $29.43 | $0.57 | 31.7% | 12.9% | |
| NSR | $25.82 | $24.61 | $0.00 | -4.7% | 12.9% |
| $28.78 | $30.49 | $0.70 | 8.4% | 12.9% | |
| Totals | 10.9% | 12.9% | |||
| Start | Current | Dividend | Pct Gain | R3K Gain | |
| $24.40 | $29.43 | $0.38 | 22.2% | 8.1% | |
| AGX | $36.71 | $32.14 | $0.70 | -10.5% | 8.1% |
| ITRN | $21.32 | $21.96 | $0.38 | 4.8% | 8.1% |
| $9.34 | $12.56 | $0.04 | 34.9% | 8.1% | |
| $58.25 | $38.69 | $0.14 | -33.3% | 8.1% | |
| Totals | 3.6% | 8.1% | |||
| Start | Current | Dividend | Pct Gain | R3K Gain | |
| $64.80 | $57.78 | $0.21 | -10.5% | 3.7% | |
| IPCM | $38.45 | $42.99 | $0.00 | 11.8% | 3.7% |
| VIAB | $72.29 | $68.98 | $0.33 | -4.1% | 3.7% |
| NHTC | $12.19 | $12.15 | $0.01 | -0.2% | 3.7% |
| $4.40 | $4.50 | $0.00 | 2.3% | 3.7% | |
| Totals | -0.2% | 3.7% | |||
| Start | Current | Dividend | Pct Gain | R3K Gain | |
| VEC | $28.00 | $31.28 | $0.00 | 11.7% | 5.2% |
| $62.73 | $70.88 | $0.00 | 13.0% | 5.2% | |
| VIAB | $63.91 | $68.98 | $0.00 | 7.9% | 5.2% |
| $22.03 | $23.37 | $0.00 | 6.1% | 5.2% | |
| NHTC | $12.44 | $12.15 | $0.00 | -2.3% | 5.2% |
| Totals | 7.3% | 5.2% |
So you can see that 3 of my 4 open tranches are trailing, although it is tightening up.
| Category/Tranche | August | November | February | May | Total |
| Initial Investment | 25,000 | 25,000 | 25,000 | 25,000 | 100,000 |
| Current Tranche | 3.6% | -0.2% | 7.3% | 10.9% | 5.0% |
| Previous Tranche | 41.4% | 14.2% | 8.5% | 33.0% | 21.8% |
| Tranche -2 | 14.1% | 43.7% | 78.3% | - | 34.0% |
| MFI Overall Gain | 67.1% | 63.9% | 107.4% | 47.5% | 71.5% |
| Current Balance | 41,775 | 40,971 | 51,847 | 36,864 | 171,457 |
| R3K Current Tranche | 8.1% | 3.7% | 5.2% | 12.9% | 7.5% |
| R3K Overall Gain | 57.7% | 62.2% | 43.8% | 34.2% | 49.5% |
| R3K Balance | 39,420 | 40,558 | 35,951 | 33,552 | 149,481 |
| Annualized IRR | 22.8% | 24.6% | 43.1% | 24.4% | 27.1% |
| Date | Differential | Value |
| -2.20% | 99,765 | |
| -1.78% | 102,798 | |
| -2.26% | 102,594 | |
| -2.23% | 102,881 | |
| -0.43% | 106,804 | |
| 2.00% | 110,423 | |
| 4.75% | 115,831 | |
| 4.29% | 114,888 | |
| 6.91% | 124,799 | |
| 10.46% | 124,536 | |
| 19.67% | 138,655 | |
| 19.75% | 143,514 | |
| 23.70% | 150,105 | |
| 26.63% | 157,138 | |
| 24.70% | 150,619 | |
| 25.66% | 158,116 | |
| 30.38% | 162,991 | |
| 29.65% | 162,428 | |
| 31.44% | 167,001 | |
| 39.23% | 177,971 | |
| 31.13% | 167,054 | |
| 35.90% | 177,792 | |
| 29.38% | 168,321 | |
| 26.14% | 168,810 | |
| 30.22% | 176,420 | |
| 28.17% | 174,306 | |
| 20.63% | 162,833 | |
| Current | 21.98% | 171,457 |
MFI Formula
The formula approach continues to do very well. I commented in past weeks that I felt that perhaps I had just been lucky as the stocks I didn't pick were not doing as well. That has reversed to some extent. Here are the two tranches:
| 10/1/2014 Stocks | Start | Current | Dividend | Pct Gain | R3K Gain |
| BAH | $23.52 | $30.16 | $0.24 | 29.2% | 7.6% |
| $45.55 | $49.59 | $3.22 | 15.9% | 7.6% | |
| CA | $27.87 | $32.63 | $0.25 | 18.0% | 7.6% |
| $41.70 | $37.35 | $0.33 | -9.6% | 7.6% | |
| $44.56 | $56.92 | $0.35 | 28.5% | 7.6% | |
| Totals | 16.4% | 7.6% | |||
| 12/31/14 Stocks | Start | Current | Dividend | Pct Gain | R3K Gain |
| CA | $30.83 | $32.63 | $0.00 | 5.9% | 1.1% |
| $28.36 | $29.43 | $0.19 | 4.4% | 1.1% | |
| $34.81 | $43.60 | $0.00 | 25.2% | 1.1% | |
| $34.21 | $37.35 | $0.00 | 9.2% | 1.1% | |
| IQNT | $19.87 | $17.96 | $0.00 | -9.6% | 1.1% |
| Totals | 7.0% | 1.1% |
Wow, those are some good results. The stocks from 9/30 that I did not pick are now up 12.3%, so no longer "lucky". The stocks I did not pick from 12/31 are up 5.7%, again not lucky - just out performance all in. As another benchmark, my MFI Index is up 1.3% year to date.
Read All About It
It was just a week of good news. Here are some samples:
- Cisco's stock soars to a 7-year high as the company's turnaround takes hold
- King Digital "Candy Crushes" Q4 Earnings, Stock Up 20% After Hours
- NHTC Approved for Nasdaq Capital Markets Listing; Expands Board
- Qualcomm Settles Chinese Antitrust Charges, Ups Guidance
- Genworth Rebounds as Long-Term Care Results ‘Better Than Feared’
As I said, it was a very good week and virtually all the news was good.
Transactions
I did have my most active week in a while with transactions. I do not want to go overboard (recall step away from the batter), but these were largely successful and rational (in my opinion).
- I bought MNDO. This is a small cap Israeli firm that provides services to phone and cable companies. They have been growing nicely and will likely be announcing a substantial annual dividend soon. I expect that will be a catalyst.
- I sold my RIG that I had bought in early January. This was a very successful trade, netting 18% gain.
- I bought KING on Tuesday (prior to what I expected to be good earnings) and sold Friday (post stellar earnings) for a 23% gain.
- I bought BXE at $2.58. This is a small Oil & Gas company in Canada that Seth Klarman likes (Seth Klarman Buys Oil Company).
- I bought FSC post terrible earnings where they wrote down some investments and dropped their dividend. I felt they sold off too much and their x-CEO bought $7m worth (Fifth Street Finance (FSC) Stock Drops Today After First Quarter Earnings Miss).
Ok. On to next week. Have a great one everyone.
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