August, 2014: 16
8/16/14-On 8/4, our Low Price to Book Value portfolio stock, SNE, bought on 5/12/14 based on the Low Book Dividend Plus criteria, later incorporated into Low Price to Book Value, was sold for a net gain (after commissions but not counting any dividends) of 5.34%. SNE has been deleted from our open positions record for Low P/Bk assets, and its closed position info for 5/12/14 through 8/4/14 has been added to our portfolio spreadsheet for low price to book value redemptions and mergers. SNE no longer met the buy criteria. (See the buy/sell guidelines for Low Book Dividend Plus in the 11/5/13 entry.)
Alphabetically, my current top-five Low Price to Book Value equities are: ELP; KELYA; PZE; REGI; and TA. Although its price to book is higher than I usually go for, I also like AEL. In the coming days or weeks, besides my currently featured choice, I may be adding shares of any of these securities to our nest egg.
My new featured Low Price to Book Value security is Travel Centers of America (TA) (recent price $9.52). TA meets Benjamin Graham's bargain stock value and safety criteria.
Travel Centers of America will be added to our nest egg at its market price in early morning trading on Monday, 8/18/14.
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