March, 2016: 12
3/12/16-Since our last entries, I have been distracted by efforts to resolve discrepancies between brokerage account statements and our own records and thus to assure accuracy in preparing our tax return. As a result, a couple errors were made in management of the portfolios followed here, so shares were sold earlier than originally intended. With Treasury Department matters now well in hand, this should not recur. If the assets in question again reach good bargain levels, they will be repurchased.
Shares of the following security were mistakenly sold from the Low Price to Book Value portfolio:
JOY, bought on 12/7/15, was sold on 3/11/16 for a net gain of 29.53%.
Shares of the following security were mistakenly sold from the Low Price to Trailing Earnings portfolio:
RE, bought on 10/5/15, was sold on 2/16/16 for a net gain of 6.03%.
In addition, since the last entry the following stock's shares were correctly sold from the Low Price to Trailing Earnings portfolio:
CENX, bought on 12/7/15, was sold on 2/19/16 for a net gain of 61.27%. It now had achieved at least target profitability and had a negative P/E.
Shares of the following securities were correctly sold from the Dividend Value portfolio:
RGR, bought on 3/17/14, was sold on 2/16/16 for a net gain of 3.60%. Its dividend was now below 3.1%.
VIV, bought on 5/4/13, was sold on 2/26/16 for a net loss of 65.23%. Its dividend had fallen below 3.1% and it had been held over two years since purchase.
BRKS, bought on 11/4/13, was sold on 3/3/16 for a net gain of 2.73%. It had been held over two years.
PSEC, bought on 7/4/12, was sold on 3/3/16 too for a net loss of 36.82%. It had also been held over two years.
CSPI, bought on 9/12/13, was another sold on 3/3/16, in this case for a net loss of 22.82%. It had been held as well for over two years.
In each case, the returns shown are after commissions but do not include any dividends. The buy and sell dates plus results for these sets of round-trip trades have been added, as appropriate, to our spreadsheets for Low Price to Book Value, Low Price to Trailing P/E, or Dividend Value closed positions and will be incorporated into the stats for our quarterly performance reports.
My favorites at this point are: DHT* and RCKY for our Dividend Value portfolio; ATW; DHT*; RCKY; and TRN* for our Low P/Bk portfolio; ATW; DHT*; STLY*; and TRN* for our Low Trailing P/E portfolio; and CAH*; EXPD*; MCK*; and VZ* for our High Quality portfolio.
Shares of all of these assets are in our nest egg already or being added to it.
(*a new recommendation)
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.