Another week flies by - this one was pretty forgettable from an investment standpoint. I was down 2.3% for the week. That leaves me at +1.45% for the year. I had a lot of companies report earnings and generally speaking they were not all that hot.
Here are some of my laggards for the week:
- PERI -10.1%
- DEPO -10.8%
- SPCB -12.5%
- SJT -5.5%
- SALE -13.7%
- BSQR -16.6%
- GME -8.3%
- BAC-WTA -12.3%
- BKE -9.5%
- SAVE -6.5%
- LCI-7.1%
Wow, making that list really socks you in the gut. Some subpar performances there. LCI actually had decent earnings!
Headlines
Lots of bad news.
- DepoMed misses by $0.06, misses on revs; narrows FY16 revs in-line
- Pitney Bowes Inc. and RetailMeNot Inc. Dive As Stocks Fall
- The Buckle's Comps Fall 13.2% In April
There was some good news, though it didn't feel like it.
- Lannett Reports Solid Fiscal 2016 Third Quarter Results
- Why Genworth Financial (GNW) Stock is Soaring Today
- Time Results Better Than Expected
- Why Teradata Corp. Jumped 13% Today
- Tessera (TSRA) Stock Up on Q1 Earnings Beat; Guides Well
- Willdan posts 1Q profit
MFI Select
| 8/17/2015 | Start | Current | Dividend | Pct Gain | R3K Gain |
| VDSI | $18.66 | $16.35 | $0.00 | -12.4% | -1.5% |
| SALE | $9.34 | $7.27 | $0.00 | -22.2% | -1.5% |
| CSCO | $28.95 | $26.53 | $0.68 | -6.0% | -1.5% |
| TGNA | $25.30 | $22.93 | $0.42 | -7.7% | -1.5% |
| HSII | $20.14 | $18.62 | $0.26 | -6.3% | -1.5% |
| Totals | -10.9% | -1.5% | |||
| 11/15/2015 | Start | Current | Dividend | Pct Gain | R3K Gain |
| LCI | $34.01 | $17.81 | - | -47.6% | 0.8% |
| SAVE | $34.48 | $41.08 | - | 19.2% | 0.8% |
| PPC | $18.98 | $24.76 | 3 | 44.9% | 0.8% |
| VEC | $23.60 | $21.66 | - | -8.2% | 0.8% |
| VNCE | $3.99 | $5.86 | - | 46.9% | 0.8% |
| Totals | 11.0% | 0.8% | |||
| 2/1/2016 | Start | Current | Dividend | Pct Gain | R3K Gain |
| VEC | $19.64 | $21.66 | $ - | 10.3% | 7.2% |
| QCOM | $45.18 | $50.92 | $ 0.48 | 13.8% | 7.2% |
| PERI | $2.45 | $1.50 | $ - | -38.8% | 7.2% |
| DEPO | $15.34 | $15.51 | $ - | 1.1% | 7.2% |
| TDC | $24.02 | $28.14 | $ - | 17.2% | 7.2% |
| Totals | 0.7% | 7.2% | |||
| 5/6/2016 | Start | Current | Dividend | Pct Gain | R3K Gain |
| BRCD | $7.97 | $8.08 | $ - | 1.4% | 0.4% |
| CBI | $37.82 | $38.23 | $ - | 1.1% | 0.4% |
| HSII | $18.51 | $18.62 | $ - | 0.6% | 0.4% |
| RHI | $38.51 | $38.75 | $ - | 0.6% | 0.4% |
| UTHR | $107.99 | $108.16 | $ - | 0.2% | 0.4% |
| Totals | 0.8% | 0.4% |
| Category/Tranche | August | November | February | May | Total |
| Initial Investment | 25,000 | 25,000 | 25,000 | 25,000 | 100,000 |
| Current Tranche | -10.9% | 11.0% | 0.7% | 0.8% | 0.4% |
| Previous Tranche | 11.2% | 69.4% | -14.3% | -25.2% | 55.7% |
| Tranche -2 | 41.4% | 14.2% | 8.5% | 18.3% | 20.6% |
| Tranche -3 | 14.1% | 43.7% | 78.3% | 33.0% | 0.0% |
| MFI Overall Gain | 59.8% | 208.8% | 66.9% | 18.5% | 88.5% |
| Current Balance | 39,946 | 77,200 | 41,721 | 29,625 | 188,492 |
| R3K Current Tranche | -1.5% | 0.8% | 7.2% | 0.4% | 1.7% |
| R3K Overall Gain | 56.3% | 58.9% | 42.8% | 33.0% | 47.7% |
| R3K Balance | 39,075 | 39,728 | 35,689 | 33,238 | 147,730 |
| Annualized IRR | 13.4% | 38.3% | 17.0% | 5.8% | 20.0% |
You can see via the annualized IRRs that 20% overall is pretty solid. But the May tranches have been the underperformers, at just 5.8%.
| 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 |
| 5/1/2016 | 46.38% | 194,301 | 147,923 |
| Current | 40.76% | 188,492 | 147,730 |
Rough start to May, going from 194,301 to 188,492. Frustrating.
MFI Formula
| 7/1/2015 | Start | Current | Dividend | Pct Gain | R3K Gain |
| BKE | $46.45 | $26.20 | $1.96 | -39.4% | -1.0% |
| CA | $29.34 | $29.71 | $0.75 | 3.8% | -1.0% |
| MSFT | $44.42 | $50.39 | $1.03 | 15.8% | -1.0% |
| QCOM | $62.95 | $50.92 | $1.44 | -16.8% | -1.0% |
| VIAB | $64.75 | $41.32 | $1.20 | -34.3% | -1.0% |
| Totals | -14.2% | -1.0% | |||
| 10/1/2015 | Start | Current | Dividend | Pct Gain | R3K Gain |
| BKE | $36.83 | $26.20 | $1.73 | -24.2% | 6.3% |
| IQNT | $21.96 | $16.21 | $0.30 | -24.8% | 6.3% |
| QCOM | $53.45 | $50.92 | $0.96 | -2.9% | 6.3% |
| CSCO | $26.37 | $26.53 | $0.68 | 3.2% | 6.3% |
| CA | $27.30 | $29.71 | $0.50 | 10.7% | 6.3% |
| Totals | -7.6% | 6.3% | |||
| 12/31/15 Stocks | Start | Current | Dividend | Pct Gain | R3K Gain |
| BBY | $30.31 | $31.98 | $0.73 | 7.9% | 0.6% |
| GME | $28.34 | $30.09 | $0.37 | 7.5% | 0.6% |
| IILG | $15.89 | $14.47 | $0.12 | -8.2% | 0.6% |
| PPC | $22.22 | $24.76 | $2.75 | 23.8% | 0.6% |
| VIAB | $40.93 | $41.32 | $0.40 | 1.9% | 0.6% |
| Totals | 6.6% | 0.6% | |||
| 4/1/16 Stocks | Start | Current | Dividend | Pct Gain | R3K Gain |
| CALM | $51.27 | $51.65 | $0.44 | 1.6% | 0.3% |
| HPQ | $12.10 | $11.59 | $0.00 | -4.2% | 0.3% |
| TIME | $15.24 | $15.44 | $0.00 | 1.3% | 0.3% |
| IILG | $13.85 | $14.47 | $0.00 | 4.4% | 0.3% |
| TSRA | $30.79 | $30.46 | $0.00 | -1.1% | 0.3% |
| Totals | 0.4% | 0.3% |
| Category/Tranche | October | January | April | July | Total |
| Initial Investment | 249,820 | 249,939 | 250,180 | 249,728 | 999,667 |
| Current Tranche | -7.6% | 6.6% | 0.4% | -14.2% | -3.7% |
| Previous Tranche | 0.5% | 11.0% | -0.2% | 0.0% | 3.1% |
| Tranche -2 | 0.0% | - | - | - | 0.0% |
| MFI Overall Gain | -7.2% | 18.3% | 0.2% | -14.2% | -0.7% |
| Current Balance | 231,857 | 295,773 | 250,588 | 214,289 | 992,508 |
| R3K Current Tranche | 6.3% | 0.6% | 0.3% | -1.0% | 1.6% |
| R3K Overall Gain | 5.7% | 0.4% | -0.8% | -1.0% | 1.1% |
| R3K Balance | 264,153 | 250,903 | 248,284 | 247,334 | 1,010,675 |
| Annualized IRR | -4.5% | 13.3% | 0.1% | -16.4% | -0.6% |
Do not like those negative annualized IRRs.
| 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 | 100,012 |
| 2/1/2016 | -0.72% | 93,797 | 94,367 |
| 3/1/2016 | 4.07% | 98,588 | 94,367 |
| 4/1/2016 | 0.34% | 102,371 | 101,548 |
| 5/1/2016 | -1.91% | 99,774 | 101,200 |
| Current | -1.82% | 99,251 | 101,068 |
I did find and fix a slight problem in this table.
MFI Micro
I am going to wind this portfolio down and move into more cash. I sold MNDO and BSQR yesterday after so-so earnings. I am holding WLDN, MGIC and SPCB.
| 12/15/2015 | Start | Current | Dividend | Pct Gain | R3K Gain |
| MGIC | $5.38 | $6.84 | $0.09 | 28.8% | 0.4% |
| BSQR | $6.00 | $5.19 | $0.00 | -13.5% | 0.4% |
| SPCB | $4.52 | $3.58 | $0.00 | -20.8% | 0.4% |
| WLDN | $8.64 | $10.89 | $0.00 | 26.0% | 0.4% |
| MNDO | $2.58 | $2.01 | $0.27 | -11.7% | 0.4% |
| Totals | - | 1.8% | 0.4% |
Dividends and Warrants
terrible week here.
| Div and Warrants | Start | Current | Dividend | Pct Gain | Pct Gain Last Week | Year End 2015 |
| BAC-WTA | $4.90 | $3.85 | $0.00 | -21.4% | -10.4% | -3.6% |
| AOD | $7.65 | $7.49 | $1.33 | 15.3% | 16.4% | 15.3% |
| JQC | $7.81 | $7.89 | $0.25 | 4.2% | 4.7% | 0.9% |
| CSQ | $9.03 | $9.75 | $1.70 | 26.7% | 28.1% | 27.3% |
| NTC | $12.07 | $13.66 | $1.45 | 25.1% | 24.9% | 16.1% |
| TGONF | $10.24 | $9.80 | $1.52 | 10.6% | 10.9% | 8.3% |
| HIG-WT | $21.24 | $36.72 | $0.00 | 72.9% | 73.9% | 72.9% |
| O | $23.19 | $63.58 | $18.37 | 253.4% | 234.5% | 205.7% |
| OIBAX | $5.05 | $5.76 | $2.21 | 57.7% | 58.4% | 51.9% |
| SJT | $8.76 | $6.53 | $0.19 | -23.3% | -19.0% | -51.6% |
| REXI | $5.60 | $6.35 | $0.13 | 15.6% | 15.1% | -2.8% |
| Totals | 9.1% | 12.2% | 6.2% |
REXI did announce this week. They stayed pretty flat s you can see. I was under whelmed by their earnings.
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