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June, 2009: 4 9 18
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. |
6/4/09-Since the last entry, our Classic Value (CV) pick, VR, purchased on 6/2/08, has been held over a year. It will be sold at the market price early Friday, 6/5/09. It will then be removed from the CV open positions portfolio, and its closed position info recorded, based on the 6/2/08 to 6/5/09 per share performance. Through the close of trading on 6/4/09, after subtracting a commission (while not counting any dividends), VR had been up 14.79% in the past 12(+) months. We can hope it is an early indicator of a turnaround in the markets that, for the first time since last fall's meltdown began, with VR we have finally seen a CV asset in positive territory about a year after purchase.
My top-five current five-star equities are: ESV; GHM; MUR; NOV; and SYNL.
My favorite among them is National Oilwell Varco (NOV) (recent price $39.18). It meets Benjamin Graham's bargain stock safety and value criteria.
National Oilwell Varco will be added to our nest egg early tomorrow, 6/5/09.
6/9/09-No hypothetical portfolio assets have been held a year or more since the last entry, so sales are not indicated at this time.
My top-five low price to book value equities are: AWH; CSS; FRD; MIGP; and VVI.
My favorite among them is Alliance World Holdings, Ltd. (AWH) (recent price $38.25). It meets Benjamin Graham's bargain stock safety and value criteria.
Alliance World Holdings, Ltd. will be added to our nest egg early tomorrow, 6/10/09.
6/18/09-Since the last entry, our Classic Value (CV) pick, MIG, purchased on 6/16/08, has been held over a year. It will be sold at the market price a bit later this afternoon, 6/18/09. It will then be removed from the CV open positions portfolio, and its closed position info recorded, based on the 6/16/08 to 6/18/09 per share performance. Through 1:00 PM (Central Time) on 6/18/09, after subtracting a commission (while not counting any dividends), MIG had been down 3.66% in the past 12(+) months.
My 5-star stocks' current top-five are: ESV; LUFK; MTSC; MUR; and NE.
My favorite among them is Ensco International, Inc. (ESV) (recent price $37.39). It meets Benjamin Graham's bargain stock safety and value criteria.
Ensco International, Inc. will be added to our nest egg at the market price a few minutes from now (6/18/09).
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.