February, 2015: 15
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.
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