Some good news for my portfolio this morning. I see where MDP and TIME have finally agreed to tie the knot at $18.50 per share. Here is what I wrote in my Blog in mid-May when I bought TIME:
"TIME rebuffed bids (rumored to be MDP). I think a chance MDP comes back with higher did (their stock price dropped when TIME announced withdrawal). But even without MDP, I like TIME at $15. They pay a 4%+ dividend and with our new 24 hour reality show that is President Trump, we are getting more eyeballs on CNN & Time magazine."
Show that a blind squirrel occasionally finds an acorn. Of course I had chances to buy TIME later at much lower prices than $15.
I actually did get to double dip on the MDP rumors. I had owned TIME in my 4/16 Formula portfolio and sold 4/17 before they dropped when they could not agree to terms with MDP:
| 4/1/16 Stocks | Start | Current | Dividend | Pct Gain | R3K Gain |
| CALM | $51.27 | $37.55 | $0.44 | -25.9% | 18.0% |
| HPQ | $12.10 | $17.88 | $0.51 | 51.9% | 18.0% |
| TIME | $15.24 | $19.35 | $0.76 | 31.9% | 18.0% |
| ILG | $13.85 | $20.96 | $0.51 | 55.0% | 18.0% |
| XPER | $30.79 | $33.95 | $0.80 | 12.9% | 18.0% |
| Totals | 25.2% | 18.0% |
So made 32% there and will make 20%-ish this time.
Of course I am wrong often as well. If you went back and read my May 2017 post where I talk about TIME, I also say
WSTC is being rumored to be bought. I have heard prices around $30 and prices around $24. Hopefully $24 is the floor. At this cycle in market, I am ok with stocks with limited downside, yet some upside.
TGNA is spinning of Cars.com later this month. I think that may be a catalyst to unlock some value.
MSGN has also been rumored to sell themselves post their spinoff from MSG.
Finally, QCOM got pretty beat down with AAPL playing hardball. But I think legally AAPL needs to pay QCOM. And then I love the QCOM purchase of NXPI. That sector (think KLAC) has been on fire since merger was announced yet that is not reflected at all in QCOM.
We'll see - I always like my ideas day 1.
That last line pretty much summed it up. WSTC did get bought, but actually below the $24 floor ($23.50). The Cars spinoff has not unlocked any value (yet). MSGN selling rumors faded like the 2016-17 Knicks. QCOM still has not gotten paid by AAPL, but I was right about the sector being hot and AVGO has made a bid for QCOM.
In investing, you cannot win them all. My view is you need to win 2 out of 3. Here I have won (so far, I have 6 months to go) 2 of 5. THat in a nutshell explains why May 2017 is struggling. Here is table (assuming TIME goes for $18.50) (hmm, I may be missing a TIME dividend).
That last line pretty much summed it up. WSTC did get bought, but actually below the $24 floor ($23.50). The Cars spinoff has not unlocked any value (yet). MSGN selling rumors faded like the 2016-17 Knicks. QCOM still has not gotten paid by AAPL, but I was right about the sector being hot and AVGO has made a bid for QCOM.
In investing, you cannot win them all. My view is you need to win 2 out of 3. Here I have won (so far, I have 6 months to go) 2 of 5. THat in a nutshell explains why May 2017 is struggling. Here is table (assuming TIME goes for $18.50) (hmm, I may be missing a TIME dividend).
| 5/6/2017 | Start | Current | Dividend | Pct Gain | R3K Gain |
| WSTC | $24.15 | $23.50 | $0.00 | -2.7% | 9.6% |
| TGNA | $25.75 | $21.05 | $0.14 | -17.7% | 9.6% |
| TIME | $15.05 | $18.50 | $0.04 | 23.2% | 9.6% |
| MSGN | $23.55 | $17.50 | $0.00 | -25.7% | 9.6% |
| QCOM | $54.93 | $68.91 | $1.14 | 27.5% | 9.6% |
| Totals | 0.9% | 9.6% |
Posts
4 comments:
Marsh,
https://www.fayettevilleflyer.com/2017/11/17/fayetteville-makes-list-of-10-best-places-to-live-in-the-south/
John, you make me laugh. You are very persistent! I will check out the write up
I see Franklin TN was #2... we did visit there and it was very nice. I may just visit Fayettevile... I do like college towns.
Marsh,
I can't beat you on persistent! You have done excellent work on MFI for 11 years. Thanks very much.
Post a Comment