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February, 2015: 15
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.


2/15/15-Since the prior entry I have sold these positions from our Dividend Value portfolio:

DCM, bought on 2/3/14, was sold on 2/13/15 for a net gain of 11.35%.

FIG, bought on 5/5/14, was sold on 2/13/15 for a net gain of 4.23%.

For DCM, the round-trip trades were profitable and the dividend had fallen below 3%. For FIG, the round-trip trades were profitable and the dividend payout ratio had risen to well over 100%, meaning that the payments appeared unsustainably high compared with earnings. The buy and sell dates plus results for these two assets have been added to our spreadsheet for Dividend Value closed positions and will be incorporated in the stats for the next and subsequent quarterly reports.

Alphabetically, my current top-five Low Price to Book Value equities are: GTE; PZE; REGI; TGA; and TX.

My new featured Low Price to Book Value security is Gran Tierra Energy, Inc. (GTE) (recent price $2.83). GTE meets Benjamin Graham's bargain stock value and safety criteria.

Gran Tierra Energy, Inc. will be added to our nest egg at its market price in early morning trading Tuesday, 2/17/15.

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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