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March, 2015: 24 28
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. |
3/24/15-Since the prior entry, the following asset has been redeemed from the Low Price to Book Value portfolio:
TA, bought on 8/18/14, was sold on 3/16/15 for a net gain of 66.33%.
The buy and sell dates plus results for TA have been added to our spreadsheet for Low Price to Book Value closed positions and will be incorporated in the stats for the next quarterly report (due in about a week) and in subsequent ones.
Alphabetically, my current top-five Low Price to Book Value equities are: GIFI; HOS; REGI; TX; and WILC.
My new featured Low Price to Book Value security is G. Willi-Food International, Ltd. (WILC) (recent price $5.84). WILC meets Benjamin Graham's bargain stock value and safety criteria.
G. Willi-Food International, Ltd. will be added to our nest egg at its market price in early morning trading later today, 3/24/15.
I am not unaware that there have been few entries concerning Dividend Value equities of late. It is perhaps a mark of how high the market is and how long since a significant correction that assets at reasonable price to value and sporting fairly safe dividends of over 3% are these days not easy for me to find. I do intend one more such analysis prior to the quarterly report, however, and if there are candidates that seem worth a mention, I shall definitely bring them to readers' attentions here.
3/28/15-Since the prior entry, the following asset has been redeemed from the Low Price to Book Value portfolio:
PZE, bought on 11/20/13, was sold on 3/24/15 for a net gain of 11.96%. The asset is an Argentina-related stock. As noted previously, due to instability in that country, I have planned to sell once I could do so at a profit. Henceforth, expect to avoid in either the Low Price to Book or Dividend Value portfolios shares of companies associated with that nation.
Because of instability and/or unreliable company statistics, am also avoiding equities associated with China, Russia, Venezuela, and most nations in the Middle East, an exception being Israel. Prior to a decision to buy, in future stocks of companies in emerging market economies will generally be considered riskier than average and evaluated on a case by case basis. The business model would need to be especially compelling to support a purchase.
The buy and sell dates plus results for PZE have been added to our spreadsheet for Low Price to Book Value closed positions and will be incorporated in the stats for our quarterly and annual reports.
Alphabetically, my current top-five Dividend Value equities are: CCUR; NOV; SSL; TX; and UFS.
My new featured Dividend Value security is Concurrent Computer Corp. (CCUR) (recent price $6.32). CCUR meets Benjamin Graham's bargain stock value and safety criteria.
Concurrent Computer Corp. will be added to our nest egg at its market price in early morning trading on Monday, 3/30/15.
Our next entry will be for the end-of quarter report, covering the period through 3/31/15.
Disclaimer and Disclosure Statement
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.