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September, 2015: 9 29
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. |
9/9/15-Since the prior entry, the following assets have been sold from the Low Price to Book Value portfolio:
HIG, bought on 5/27/14, was sold on 9/3/15 for a net gain of 30.43%. The stock now had a P/Bk in excess of 1.00.
BIF, bought on 8/26/13, was sold on 9/8/15 for a net gain of 0.60%. This stock had been held over two years.
CNA, bought on 6/30/13, was sold on 9/8/15 too for a net gain of 8.12%. This stock had also been held over two years.
The buy and sell dates plus results for these sets of round-trip trades have been added to our spreadsheet for Low Price to Book Value closed positions and are being incorporated in the stats for the next and subsequent quarterly performance reports.
Alphabetically, my current top-five Low Price to Book Value equities are: AGO; ATW; CENX; PERI; and PNTR.
My new featured Low Price to Book Value security is Pointer Telocation, Ltd. (PNTR) (recent price $6.34). PNTR meets Benjamin Graham's bargain stock value and safety criteria.
Pointer Telocation, Ltd. will be added to our nest egg at its market price in early morning trading on Thursday, 9/10/15.
9/29/15-Since the prior entry, the following assets have been sold from the Low Price to Book Value portfolio:
KCLI, bought on 8/4/13, was sold on 9/15/15 for a net gain of 10.81%. This stock had been held over two years.
PFIN, bought on 8/27/13 and 9/2/13, was sold on 9/16/15 for an average net gain of 28.67%. This stock had been held over two years too.
ACAS, bought on 9/12/13, was sold on 9/16/15 for a net gain of 0.12%. This stock had also been held over two years.
NWLI, bought on 8/18/13, was sold on 9/25/15 for a net gain of 9.85%. This stock had been held over two years as well.
The buy and sell dates plus results for these sets of round-trip trades have been added to our spreadsheet for Low Price to Book Value closed positions and are being incorporated in the stats for the next and subsequent quarterly performance reports. The net performance stats above do not include any dividends but do take into account all commissions.
Alphabetically, my current top-five Dividend Value equities are: AVX; MLR; MN; UFS; and UVV.
My new featured Dividend Value security is Manning & Napier, Inc. (MN) (recent price $7.09). MN meets Benjamin Graham's bargain stock value and safety criteria.
Manning & Napier, Inc. will be added to our nest egg at its market price in early morning trading on Tuesday (today), 9/29/15.
The next entry will include the quarterly report with statistics through 9/30/15.
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.