Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice. As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisors prior to making any investment decisions based on information on this website.
As I like to do on weekends, this is a review of past stock picks from about a year earlier on this blog. These may include stocks that I own, but generally, these are just selections that have been discussed on this website and are not stocks that I have any ownership in. In order to simplify this review process, I assume a buy and hold strategy in this review. In practice, if you have been following what I write, you will know that I do not buy and hold, but rather sell my stocks quickly if they decline after a first purchase, or sell portions of them slowly if they appreciate in price. Please keep this in mind when reviewing my discussions!
On September 7, 2004, I posted Aviall (AVL) on Stock Picks Bob's Advice at $21.30. AVL closed at $31.69 on 11/11/05, for a gain of $10.39 or 48.8% since posting.
On October 20, 2005, AVL reported 3rd quarter 2005 results. Net sales grew 13% over the prior year to $334 million from $295 million the prior year. Earnings per share climbed to $.41/diluted share in the quarter up 37% from $.30/share in the prior year same period. This was a solid report imho.
On September 8, 2004, I posted Sierra Wireless (SWIR) on Stock Picks Bob's Advice at $19.15. SWIR closed on 11/11/05 at $12.59, for a loss of $(6.56) or (34.3)%.
On October 27, 2005, SWIR reported 3rd quarter 2005 results. For the 3rd quarter ended September 30, 2005, decreased 53.5% to $27.5 million this year compared with $59.1 million in the same quarter last year. Net loss for the 3rd quarter 2005 was $(3.1) million or $(.12)/share, down from net earnings of $7.1 million or $.27/share in the third quarter 2004.
On September 11, 2004, I posted Leadis (LDIS) on Stock Picks Bob's Advice at $12.68. LDIS closed at $5.18 on 11/11/05, for a loss of $(7.50) or (59.1)%.On October 20, 2005, LDIS reported 3rd quarter 2005 results. Revenues came in at $17.6 million, down from $40.9 million the prior year. The company reported a loss of $(2.5) million or $(.09)/diluted share down from net income of $5.0 million or $.16/diluted share the prior year.So how did we do? Well, not very well :(. I had one gain of the three and two losers with an average of loss of (14.9)% on the three stocks. This, as I wrote, assumes a buy and hold approach and emphasizes, imho, the importance of selling losers quickly to prevent these large losses that can accrue even from stock picks where I have done "my homework".
Thanks again for stopping by and visiting! If you have any comments or questions, please feel free to email me at bobsadviceforstocks@lycos.com or leave your words right here on the blog!
Bob