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November, 2006: 2 9 16 25
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. |
11/02/06-Since the prior entry, our Classic Value (CV) pick, FBN, has been held over a year, and so it will be sold at the early market price tomorrow morning, removed from the CV open positions portfolio, and its closed position info recorded based on the 10/28/05 to early 11/03/06 per share performance. Through 1:00 PM (Central) today, after subtracting a commission (while not counting any dividends), FBN has been up 4.08% in the past 12(+) months.
My top-ten equities for mention today are: AE; BRK/A (or BRK/B); CC; CHMP; DELL; EME; HD; SHLD; TLG; and VOL.
The focus for the current entry is on a new Leapin' Lizards (LL) asset, Champion Industries, Inc. (CHMP) (recent price $7.09). CHMP's trailing price to earnings ratio is 17.34 The asset's market-capitalization size is nano-cap: $70.43 million. Champion Industries, Inc., has a 2.86% dividend, with a dividend payout ratio of 0.49. The price to sales ratio is only 0.49. CHMP's price to book value is below average at 1.62. There is positive free cash flow. Return on equity is 9.70%. Debt to equity is just 0.13. The current ratio is 3.76. The shareholder equity to total assets ratio is 0.71. CHMP's share price is up about 66% in the past 52 weeks. The S&P 500 Index is up about 12% in the same period. The stock has low price to sales, low debt, and upward momentum in its favor.
Champion Industries, Inc., will be added to our LL tracking portfolio at its market price as of the first thing on Friday, 11/3/06.
11/9/06-Since the prior entry, our Classic Value (CV) pick, DRAM, has been held over a year, and so it will be sold at the early market price tomorrow morning, removed from the CV open positions portfolio, and its closed position info recorded, based on the 11/3/05 to early 11/10/06 per share performance. Through close of trading today, after subtracting a commission (while not counting any dividends), DRAM has been down 31.11% in the past 12(+) months.
Also since the prior entry, our CV pick, ARKR, has been held over a year, and so it too will be sold at the early market price tomorrow morning, removed from the CV open positions portfolio, and its closed position info recorded, based on the 11/09/06 to early 11/10/06 per share performance. Through close of trading today, after subtracting a commission (while not counting any dividends), ARKR has been down 5.80% in the past 12(+) months.
My top-ten equities for mention today are: AMSF; BRK/A (or BRK/B); ESCL; IDCC; LPX; NX; NXG; RAIL; RSC; and SEB.
The focus for the current entry is on a new Classic Value (CV) asset, Northgate Minerals Corp. (NXG) (recent price $3.15). NXG's trailing price to earnings ratio is just 5.61. The asset's market-capitalization size is micro-cap: $690.13 million. Northgate Minerals Corp. has no dividend. The price to sales ratio is 1.71. NXG's price to book value is 2.12. There is positive free cash flow. Return on equity is 50.95%. Debt to equity is just 0.02. The current ratio is 5.96. NXG's share price is up about 134% in the past 52 weeks. The stock has low price to trailing earnings, low debt, and upward momentum in its favor. It meets the Ben Graham value and safety criteria for bargain asset status.
Northgate Minerals Corp. will be added to our CV tracking portfolio at its market price as of the first thing on Friday, 11/10/06.
11/16/06-Since the prior entry, no open position portfolio assets have been held at least a year, so no changes will be made in the monitored portfolios at this time.
My top-ten equities for mention today are: AE; BRK/A (or BRK/B); CHMP; EME; HD; MEA; MRO; TESS; VOL; and ZONS.
No new fully qualifying asset is available at this time, so the selection will be from among the best of the previous picks.
The focus for the current entry, then, is on a prior Leapin' Lizards (LL) asset, Volt Information Services, Inc. (VOL) (recent price $46.19). VOL's trailing price to earnings ratio is 28.50. The asset's market-capitalization size is micro-cap: $722.13 million. Volt Information Services, Inc., has no dividend. The price to sales ratio is only 0.31. VOL's price to book value is 2.28. There is positive free cash flow. Return on equity is 8.40%. Debt to equity is just 0.08. The current ratio is 1.56. VOL's share price is up about 142% in the past 52 weeks. The stock has low price to sales, low debt, and upward momentum in its favor.
Volt Information Services, Inc., will be added to our LL tracking portfolio at its market price as of the first thing on Friday, 11/17/06.
11/25/06-Since the prior entry, no open position portfolio assets have been held at least a year, so no changes will be made in the monitored portfolios at this time.
My top-ten equities for mention today are: ASPV; BRK/A (or BRK/B); ESV; FTO; HUBG; IDCC; LPX; MM; RSC; and SEB.
The focus for the current entry is on a new Classic Value (CV) asset, InterDigital Communications Corp. (IDCC) (recent price $32.74). IDCC's trailing price to earnings ratio is just 7.34. The asset's market-capitalization size is small-cap: $1.72 billion. InterDigital Communications Corp. has no dividend. The price to sales ratio is 3.80. IDCC's price to book value is 5.95. There is positive free cash flow. Return on equity is 127.64%. Debt to equity is just 0.01. The current ratio is 3.39. IDCC's share price is up 65.27% in the past 52 weeks. The stock has low price to earnings, low debt, and upward momentum in its favor. It also meets Ben Graham value plus safety bargain stock criteria.
InterDigital Communications Corp. will be added to our CV tracking portfolio at its market price as of the first thing on Monday, 11/27/06.
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.