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.
During the week of October 11, 2004, I made a single stock selection, Dorel Industries (DIIB), which was picked for Stock Picks Bob's Advice on October 15, 2004, when it was trading at $28.24. I do not own any shares nor do I have any options on this stock.
DIIB closed at $23.89 on 12/23/05, for a loss of $(4.35) or (15.4)%.
On November 2, 2005, Dorel Industries reported 3rd quarter 2005 results. Revenue for the quarter declined (2.4)% to $423.3 million from $433.8 million in the same quarter the prior year. Earnings also declined to $19.8 million or $.60/share, down from $28 million or $.85/share the prior year. These numbers missed expectations for revenue ($436.1 million expected) as well as earnings ($.66/share expected).
So how did I do that week? Well, since I only selected one stock as a "pick" my performance was the loss of (15.4)% which was the performance of the only stock, Dorel Industries (DIIB).
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Happy Holidays everyone!