My portfolio is definitely looking for direction. After a very strong week to finish March, the first week of April left a lot to be desired as I was down about 2%.
PERI was down 15%, KORS down 10%, BKE down 17% and BAC warrants down 10%. Those were certainly some key drivers. I did have a nice pop on DEPO as an activist got involved (Activist Sinks Teeth Into Depomed, Send Shares Soaring 12% Today). I also rebought BRCD for a trade at $9.07 after they dropped 13% when they announced acquisition of Ruckus (Brocade-Ruckus $1.2 Billion Deal Fails to Impress).
MFI Select
This portfolio continues to struggle in 2016, down over 7% (from 6.5% a week ago). SALE got a nice pop as well as DEPO, but seems to be more bad news than good. The May tranche is less than a month away from being done.
| 5/6/2015 | Start | Current | Dividend | Pct Gain | R3K Gain |
| CBI | $50.38 | $34.30 | $0.14 | -31.6% | -1.6% |
| PSDV | $4.12 | $2.95 | $0.00 | -28.5% | -1.6% |
| TSRA | $38.94 | $30.31 | $0.80 | -20.1% | -1.6% |
| KORS | $62.24 | $51.19 | $0.00 | -17.8% | -1.6% |
| DEPO | $23.50 | $16.95 | $0.00 | -27.9% | -1.6% |
| Totals | -25.2% | -1.6% | |||
| 8/17/2015 | Start | Current | Dividend | Pct Gain | R3K Gain |
| VDSI | $18.66 | $16.18 | $0.00 | -13.3% | -2.2% |
| SALE | $9.34 | $8.51 | $0.00 | -8.9% | -2.2% |
| CSCO | $28.95 | $27.69 | $0.68 | -2.0% | -2.2% |
| TGNA | $25.30 | $22.68 | $0.42 | -8.7% | -2.2% |
| HSII | $20.14 | $24.19 | $0.26 | 21.4% | -2.2% |
| Totals | -2.3% | -2.2% | |||
| 11/15/2015 | Start | Current | Dividend | Pct Gain | R3K Gain |
| LCI | $34.01 | $18.79 | - | -44.8% | 0.0% |
| SAVE | $34.48 | $46.72 | - | 35.5% | 0.0% |
| PPC | $18.98 | $25.53 | - | 34.5% | 0.0% |
| VEC | $23.60 | $22.15 | - | -6.1% | 0.0% |
| VNCE | $3.99 | $5.87 | - | 47.1% | 0.0% |
| Totals | 13.3% | 0.0% | |||
| 2/1/2016 | Start | Current | Dividend | Pct Gain | R3K Gain |
| VEC | $19.64 | $22.15 | - | 12.8% | 6.4% |
| QCOM | $45.18 | $50.56 | 0 | 13.0% | 6.4% |
| PERI | $2.45 | $1.71 | - | -30.2% | 6.4% |
| DEPO | $15.34 | $16.95 | - | 10.5% | 6.4% |
| TDC | $24.02 | $24.94 | - | 3.8% | 6.4% |
| Totals | 2.0% | 6.4% | |||
| Category/Tranche | August | November | February | May | Total |
| Initial Investment | 25,000 | 25,000 | 25,000 | 25,000 | 100,000 |
| Current Tranche | -2.3% | 13.3% | 2.0% | -25.2% | -2.9% |
| Previous Tranche | 11.2% | 69.4% | -14.3% | 18.3% | 61.0% |
| Tranche -2 | 41.4% | 14.2% | 8.5% | 33.0% | 24.3% |
| Tranche -3 | 14.1% | 43.7% | 78.3% | 0.0% | 0.0% |
| MFI Overall Gain | 75.2% | 215.0% | 69.0% | 17.7% | 94.2% |
| Current Balance | 43,806 | 78,749 | 42,245 | 29,430 | 194,230 |
| R3K Current Tranche | -2.2% | 0.0% | 6.4% | -1.6% | 0.7% |
| R3K Overall Gain | 55.2% | 57.8% | 41.7% | 32.0% | 46.7% |
| R3K Balance | 38,798 | 39,446 | 35,434 | 33,003 | 146,682 |
| Annualized IRR | 16.6% | 40.1% | 17.9% | 5.7% | 24.2% |
| Date | Differential | MFI Value | R3K Value |
| 12/1/2012 | -2.20% | 99,765 | 101,965 |
| 1/1/2013 | -1.78% | 102,798 | 104,575 |
| 2/1/2013 | -2.26% | 102,594 | 104,856 |
| 3/1/2013 | -2.23% | 102,881 | 105,114 |
| 4/1/2013 | -0.43% | 106,804 | 107,234 |
| 5/1/2013 | 2.00% | 110,423 | 108,423 |
| 6/1/2013 | 4.75% | 115,831 | 111,085 |
| 7/1/2013 | 4.29% | 114,888 | 110,597 |
| 8/1/2013 | 6.91% | 124,799 | 117,889 |
| 9/1/2013 | 10.46% | 124,536 | 114,079 |
| 10/1/2013 | 19.67% | 138,655 | 118,990 |
| 11/1/2013 | 19.75% | 143,514 | 123,764 |
| 12/1/2013 | 23.70% | 150,105 | 126,405 |
| 1/1/2014 | 26.63% | 157,138 | 130,503 |
| 2/1/2014 | 24.70% | 150,619 | 125,918 |
| 3/1/2014 | 25.66% | 158,116 | 132,458 |
| 4/1/2014 | 30.38% | 162,991 | 132,616 |
| 5/1/2014 | 29.65% | 162,428 | 132,779 |
| 6/1/2014 | 31.44% | 167,001 | 135,559 |
| 7/1/2014 | 39.23% | 177,971 | 138,740 |
| 8/1/2014 | 31.13% | 167,054 | 135,922 |
| 9/1/2014 | 35.90% | 177,792 | 141,892 |
| 10/1/2014 | 29.38% | 168,321 | 138,944 |
| 11/1/2014 | 26.14% | 168,810 | 142,666 |
| 12/1/2014 | 30.22% | 176,420 | 146,198 |
| 1/1/2015 | 28.17% | 174,306 | 146,140 |
| 2/1/2015 | 20.63% | 162,833 | 142,201 |
| 3/1/2015 | 25.15% | 175,476 | 150,324 |
| 4/1/2015 | 29.95% | 178,565 | 148,612 |
| 5/1/2015 | 37.31% | 186,655 | 149,348 |
| 6/1/2015 | 51.53% | 202,897 | 151,371 |
| 7/1/2015 | 62.69% | 211,437 | 148,743 |
| 8/1/2015 | 40.75% | 192,117 | 151,369 |
| 9/1/2015 | 36.41% | 178,603 | 142,195 |
| 10/1/2015 | 43.12% | 181,175 | 138,052 |
| 11/1/2015 | 69.02% | 217,959 | 148,936 |
| 12/1/2015 | 73.49% | 223,435 | 149,946 |
| 1/1/2016 | 63.33% | 209,514 | 146,186 |
| 2/1/2016 | 49.49% | 187,428 | 137,934 |
| 3/1/2016 | 56.48% | 194,415 | 137,934 |
| 4/1/2016 | 47.34% | 195,770 | 148,430 |
| Current | 47.55% | 194,230 | 146,682 |
MFI Formula
This is the discouraging portfolio. I felt like I was making some headway, but BBY, GME and BKE continue to disappoint. Retail, Bah!
| 7/1/2015 | Start | Current | Dividend | Pct Gain | R3K Gain |
| BKE | $46.45 | $28.82 | $1.71 | -34.3% | -1.7% |
| CA | $29.34 | $30.04 | $0.75 | 4.9% | -1.7% |
| MSFT | $44.42 | $54.42 | $1.03 | 24.8% | -1.7% |
| QCOM | $62.95 | $50.56 | $1.44 | -17.4% | -1.7% |
| VIAB | $64.75 | $37.99 | $1.20 | -39.5% | -1.7% |
| Totals | -12.3% | -1.7% | |||
| 10/1/2015 | Start | Current | Dividend | Pct Gain | R3K Gain |
| BKE | $36.83 | $28.82 | $1.48 | -17.7% | 5.6% |
| IQNT | $21.96 | $16.38 | $0.30 | -24.0% | 5.6% |
| QCOM | $53.45 | $50.56 | $0.96 | -3.6% | 5.6% |
| CSCO | $26.37 | $27.69 | $0.68 | 7.6% | 5.6% |
| CA | $27.30 | $30.04 | $0.50 | 11.9% | 5.6% |
| Totals | -5.2% | 5.6% | |||
| 12/31/15 Stocks | Start | Current | Dividend | Pct Gain | R3K Gain |
| BBY | $30.31 | $30.11 | $0.73 | 1.7% | -0.1% |
| GME | $28.34 | $29.49 | $0.37 | 5.4% | -0.1% |
| IILG | $15.89 | $13.29 | $0.12 | -15.6% | -0.1% |
| PPC | $22.22 | $25.53 | $0.00 | 14.9% | -0.1% |
| VIAB | $40.93 | $37.99 | $0.40 | -6.2% | -0.1% |
| Totals | 0.0% | -0.1% | |||
| 4/1/16 Stocks | Start | Current | Dividend | Pct Gain | R3K Gain |
| CALM | $51.27 | $51.14 | $0.00 | -0.3% | -0.4% |
| HPQ | $12.10 | $12.06 | $0.00 | -0.4% | -0.4% |
| TIME | $15.24 | $14.57 | $0.00 | -4.4% | -0.4% |
| IILG | $13.85 | $13.29 | $0.00 | -4.1% | -0.4% |
| TSRA | $30.79 | $30.31 | $0.00 | -1.5% | -0.4% |
| Totals | -2.1% | -0.4% |
| Date | Differential | Value | R3K Value |
| 10/1/2014 | 0.00% | 100,000 | 100,000 |
| 11/1/2014 | 1.63% | 102,288 | 100,658 |
| 12/1/2014 | 0.30% | 101,375 | 101,075 |
| 1/1/2015 | -0.33% | 100,664 | 100,995 |
| 2/1/2015 | 1.67% | 101,281 | 99,611 |
| 3/1/2015 | 3.62% | 106,073 | 102,454 |
| 4/1/2015 | 5.09% | 106,781 | 101,695 |
| 5/1/2015 | 5.78% | 107,859 | 102,077 |
| 6/1/2015 | 5.08% | 108,213 | 103,134 |
| 7/1/2015 | 4.82% | 106,423 | 101,604 |
| 8/1/2015 | 3.71% | 107,112 | 103,404 |
| 9/1/2015 | 4.38% | 101,523 | 97,139 |
| 10/1/2015 | 6.39% | 100,703 | 94,312 |
| 11/1/2015 | 2.93% | 104,835 | 101,907 |
| 12/1/2015 | -3.48% | 99,443 | 102,926 |
| 1/1/2016 | -3.36% | 96,830 | 100,193 |
| 2/1/2016 | -0.72% | 93,797 | 94,319 |
| 3/1/2016 | 4.07% | 98,588 | 94,319 |
| 4/1/2016 | 0.34% | 102,371 | 101,548 |
| Current | -2.94% | 97,888 | 100,830 |
That is a big drop in the past week - 102,371 t0 97,888. feels like between 4 and 5%.
MFI Micro
SPCB was supposed to announce earnings and then postponed. I suspect that bodes badly, we shall see (SuperCom Postpones Earnings Release and Conference Call for Fourth Quarter and Full Year 2015). They will now announce on Monday.
| 12/15/2015 | Start | Current | Dividend | Pct Gain | R3K Gain |
| MGIC | $5.38 | $6.53 | $0.09 | 23.0% | -0.3% |
| BSQR | $6.00 | $5.81 | $0.00 | -3.2% | -0.3% |
| SPCB | $4.52 | $3.81 | $0.00 | -15.7% | -0.3% |
| WLDN | $8.64 | $10.25 | $0.00 | 18.6% | -0.3% |
| MNDO | $2.58 | $2.02 | $0.27 | -11.3% | -0.3% |
| Totals | - | 2.3% | -0.3% |
Warrants & Dividends
I continue to collect a lot of dividends. But this portfolio is also struggling.
| Div and Warrants | Start | Current | Dividend | Pct Gain | Pct Gain Last Week | Year End 2015 |
| BAC-WTA | $4.90 | $3.55 | $0.00 | -27.5% | -20.8% | -3.6% |
| AOD | $7.65 | $7.30 | $1.28 | 12.2% | 14.7% | 15.3% |
| JQC | $7.81 | $7.81 | $0.20 | 2.6% | 3.4% | 0.9% |
| CSQ | $9.03 | $9.38 | $1.71 | 22.9% | 24.0% | 27.3% |
| NTC | $12.07 | $13.52 | $1.39 | 23.6% | 21.4% | 16.1% |
| TGONF | $10.24 | $9.66 | $1.36 | 7.6% | 9.5% | 8.3% |
| HIG-WT | $21.24 | $37.82 | $0.00 | 78.1% | 83.6% | 72.9% |
| O | $23.07 | $63.00 | $18.03 | 251.3% | 248.0% | 205.7% |
| OIBAX | $5.05 | $5.72 | $2.19 | 56.8% | 56.4% | 51.9% |
| SJT | $8.76 | $5.13 | $0.18 | -39.3% | -40.6% | -51.6% |
| REXI | $5.59 | $5.70 | $0.07 | 3.1% | 6.5% | -2.8% |
| Totals | 3.1% | 5.5% | 6.2% |
You can see the decline from 5.5% to 3.1% during the week. BAC WTA just can not get traction - no love for big banks.
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