Wednesday, February 01, 2017

Nice Start

Nice Start

Well there are 365 days in a year.  So today is just day one of a journey for my newest MFI tranche.  But just like in poker, it is nice to be dealt a couple good cards at the start - so it is with investing.

My newest tranche, which I bought yesterday, is up a very snappy 3% on day one (which is largely a flat day for the markets).  WNC is the big winner - up over 15%.

It does illustrate how stupid headlines can be (probably written by mindless bots).  Here is what AP said about the quarter:  Wabash misses 4Q profit forecasts   Whoops.

So here is the Fab Five:

2/1/2017  Start   Current   Dividend   Pct Gain   R3K Gain 
 AKRX  $19.10 $19.49 $0.00 2.0% 0.1%
 YY  $41.08 $41.67 $0.00 1.4% 0.1%
 KLAC  $85.11 $85.54 $0.00 0.5% 0.1%
 WNC  $17.65 $20.53 $0.00 16.3% 0.1%
 RGR  $52.75 $51.65 $0.00 -2.1% 0.1%
 Totals  3.6% 0.1%

RGR was the one I was least comfortable with.

Gaiety, Song & Dance

One of my favorite characters is Eeyore, from Winnie the Pooh. Always gloomy as this exchange illustrates:

"Good morning, Pooh Bear," said Eeyore gloomily. "If it is a good morning," he said. "Which I doubt," said he.
"Why, what's the matter?"
"Nothing, Pooh Bear, nothing. We can't all, and some of us don't. That's all there is to it."
"Can't all what?" said Pooh, rubbing his nose.
"Gaiety. Song-and-dance. Here we go round the mulberry bush."

So it is with stocks.  And whilst my new tranche is off to a nice start, I did get poor earnings from PBI (Pitney Bowes' (PBI) Q4 Earnings Miss, Revenues Down Y/Y).  So they are down 17%.  Seems like quite a sell off if you think they still expect to make $1.70 in 2017 and they are trading at $13.15. Dividend is over 5%.

I am not buying more, but I suspect they'll be on my value screens.

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