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February, 2010: 3 23
Disclaimer - IMPORTANT - Read this first!
Investor's Journal is a diary focused strictly on investments and personal finance issues, primarily from a contrarian and retiree point of view. Follow along with an average guy's failures and successes as he learns, by trial and error, the fine art of value investing.


2/3/10-Since the last entry, another Classic Value (CV) pick, SYNL, purchased on 2/2/09, has been held a year or more. It will be sold at the market price early tomorrow, 2/4/10. It will then be removed from the CV open positions portfolio, and its closed position info recorded, based on the 2/2/09 to 2/4/10 per share performance. Through the close of trading today, after subtracting a commission (while not counting any dividends), SYNL has been up 43.16% in the past 12(+) months.

My current top-five low price to book value stocks are: CBR; CRDN; ELMG; FDP; and TEAM.

My favorite among them is Fresh Del Monte Produce, Inc. (FDP) (recent price $20.65). It meets Benjamin Graham's bargain stock safety and value criteria.

Fresh Del Monte Produce, Inc. will be added to our nest egg at its market price early tomorrow, 2/4/10.

2/23/10-Since the last entry, another Classic Value (CV) pick, CIR, purchased on 2/17/09, has been held a year or more. It will be sold at the market price early today, 2/23/10. It will then be removed from the CV open positions portfolio, and its closed position info recorded, based on the 2/17/09 to 2/23/10 per share performance. Through the close of trading yesterday, after subtracting a commission (while not counting any dividends), CIR has been up 50.74% in the past 12(+) months.

My current top-five low price to earnings stocks are: ESV; HS; ITI, NE; and POWL.

My favorite among them is Noble Corp. (NE) (recent price $42.90). It meets Benjamin Graham's bargain stock safety and value criteria.

Noble Corp. will be added to our nest egg at its market price early today, 2/23/10.

Disclaimer and Disclosure Statement
Much as I'd love it to be otherwise, I receive no payment of any kind for disseminating investment information unless, by some fluke, millions of folks, on the strength of these entries, start buying shares of stock I own, a possibility only slightly less likely than our being destroyed by a large meteorite. Do not follow any suggestions made in Investor's Journal as if I were a professional.

Neither I nor Investor's Journal will be responsible for losses by anyone who obtained ideas from this site.

This diary is intended for personal interest and general information only. You are advised to do your own research (as well as to consult highly compensated professionals) before spending money on anything.

I know of no reason anyone should take my financial musings seriously. At best I am a dedicated amateur providing a bit of investment-related insight and entertainment, at worst an amusing diversion.

My wife, Fran, and I may at times own shares of some of the assets mentioned here. But neither of us receive any benefit from reference to them, unless you count the mutual misery when we get it wrong, or the opportunity to gloat when we get it right.

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