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October, 2012: 10 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. |
10/10/12-There have been no sales or sell signals among portfolio stocks followed here since the last entry.
My current top-five low price to book value stocks are: IM; MANT; HDNG; NC; and CEP. (Please note: these final 5 of my low price to book value candidates are now in order, highest to lowest, based on my assessment of their risk-adjusted values relative to their current prices.)
My new favorite from among them, then, is Ingram Micro, Inc. (IM) (recent price $14.83). It meets Benjamin Graham's bargain stock safety and value criteria.
Ingram Micro, Inc. will be added to our nest egg at its market price in early trading tomorrow, 10/11/12.
10/29/12-On 10/17/12, our Low Price to Book Value asset, SYA, purchased on 10/4/10, was sold for a net gain of 23.39% (not counting any dividends). Info on SYA's cost basis and performance from 10/4/10 through 10/17/12 has been added to the Low P/Bk closed positions spreadsheet, and SYA has been deleted from the record of Low P/Bk open positions. Although SYA had not achieved our target appreciation of 50% or greater, it had been held for over two years since purchase, our other main sell criterion for low price to book value positions.
Then on 10/18/12, our Low Price to Book Value asset, SIGI, purchased on 9/30/11, was sold for a net gain of 50.25% (not counting dividends). Info on SIGI's cost basis and performance from 9/30/11 through 10/18/12 has been added to the Low P/Bk closed positions spreadsheet, and SIGI has been deleted from the record of Low P/Bk open positions.
My current top-five low price to book value stocks are: QCCO; ANAT; MANT; PLFE; and HDNG. (Please note: these final 5 of my low price to book value candidates are now in order, highest to lowest, based on my assessment of their risk-adjusted values relative to their current prices.)
My new favorite from among them, then, is QC Holdings (QCCO) (recent price $3.40). It meets Benjamin Graham's bargain stock safety and value criteria.
QC Holdings will be added to our nest egg at its market price in early trading tomorrow, 10/30/12, except that, if the markets are closed again at that time due to Hurricane Sandy, such trading will be accomplished at the first opportunity after they reopen.
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.