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.
One of my weekend tasks on this blog is to take a look at previous posts and see how things are working out. This review assumes a "buy and hold" approach to investing. In practice, I do not just buy and hold stocks. I sell my holdings quickly if they develop an 8% loss, and I sell my gaining stocks slowly and partially as they hit appreciation targets. In any case, this continuing review may be helpful in determining what works and what doesn't!
On November 22, 2004, I posted Manitowoc Co. (MTW) on Stock Picks Bob's Advice on November 22, 2004, when it was trading at $38.29/share. Manitowoc Co. closed at $69.11 on 2/10/06, for a gain of $30.82 or 80.5% since posting!
On February 1, 2006, MTW announced 4th quarter 2005 results. For the fourth quarter ended December 31, 2005, revenue climbed 16% to $589 million. Diluted eps came in at $.47/share (excluding special items), up 34% from the same quarter last year. This was a strong report for MTW!
On November 26, 2004, I posted RPC (RES) on Stock Picks Bob's Advice when it was trading at $27.07. RES closed at $28.21, so at first glance it appears that the stock hasn't moved much since posting. However, a closer examination reveals that the stock had a 3:2 split 3/11/05, and then another 3/2 split on 12/13/05, giving my pick price an adjusted price of $27.07 x 2/3 x 2/3 = $12.03 (!). Thus, the pick had a gain of $16.18 or 134.5% since posting. Unfortunately, I didn't buy any shares of either of these two companies :(.
On October 26, 2005, RES reported 3rd quarter 2005 results. For the quarter ended September 30, 2005, revenues increased 30.5% to $115.8 million, compared with $88.7 milion in the same quarter the prior year. Net income for the quarter was $23.1 million or $.53/diluted share compared with $10.2 million or $.24/diluted share the prior year. This was a terrific quarter and the stock continued to climb higher!
So how did we do? Do you have to ask? I was pretty lucky that week in November, 2004, with two stock picks; MTW gaining 80.5% and RES gaining 134.5%, for an average performance of 107.5% for these two stocks on the blog since their selection.
Please remember that past performance is NO guarantee of future price performance. And that I truly am an amateur investor. Anyhow, that's the review for the week. Next week I shall try to get to the week of November 29, 2004.
Thanks again for visiting. If you have any comments or questions, please feel free to email me at firstname.lastname@example.org or just leave your comments right on the blog!