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.
The weekend is almost over, and I haven't done my review yet....so let's get right to the point! If you haven't read one of these posts, let me explain that I like to check on the stocks I have been writing about and I have been going back about a year and reviewing all of the stocks presented on this blog during that particular week. This review assumes a "buy and hold" strategy for investing. In practice, I advocate and employ a disciplined portfolio management system selling losing stocks quickly and completely, and gaining stocks slowly and partially. Using a different portfolio strategy would certainly affect one's investment performance.
On June 13, 2005, I posted SRA International (SRX) on Stock Picks when it was trading at $34.74. SRA closed at $31.10 on October 13, 2006, for a loss of $(3.64) or (10.5)% since posting.
On August 2, 2006, SRA reported 4th quarter 2006 results. Revenue for the quarter ended June 30, 2006, increased 23% to $297.2 million from $241.1 million. Net income for the quarter came in at $17.4 million, up from $15.9 million the prior year, diluted EPS came in at $.30/share up from $.28/share in 2005.
On June 14, 2005, I posted Diodes (DIOD) on Stock Picks when it was trading at $33.30. DIOD had a 3:2 stock split on December 1, 2005. Thus, my effective stock pick price was actually $22.20. DIOD closed at $43.90 on October 13, 2006, for a pick price gain of $21.24 or 96.5% since posting.
On August 2, 2006, Diodes reported 2nd quarter 2006 results. Revenue for the quarter increased 63.5% to $82.7 million. Net income increased from $7.7 million to $11.4 million, a more than 60% increase, and diluted eps increased from $.32/share to $.41/share.
On June 15, 2005, I posted Landauer (LDR) on Stock Picks when it was trading at $52.90. Landauer closed at $51.70 on October 13, 2006, for a loss of $(1.20) or (2.3)% since posting.
On July 26, 2006, LDR reported 3rd quarter 2006 results. Revenue for the quarter came in at $19.6 million, up 8% over the $18.2 million for the same period in the year earlier period. Earnings per diluted share came in at $.56/share, up 12% from the $.50/diluted share the prior year.
On June 16, 2005, I posted Progress Software (PRGS) on Stock Picks when it was trading at $30.33. PRGS closed at $25.90 on October 13, 2006 for a loss of $(4.43) or (14.6)% since posting.
On September 19, 2006, Progress reported 3rd quarter results. Revenue for the quarter ended August 31, 2006, increased 12% to $111.4 million from $99.5 in the same period a year earlier. However, due to accounting problems due to stock ooptions, the company withheld earnings and expected to book costs of $20 to $30 million from 1995 to February, 2006. With the earnings still not reported, I am forced to give this company the proverbial "thumbs-down"!
On June 16, 2005, I posted Alliance Data Systems on Stock Picks when the stock was trading at $39.00/share. ADS closed at $56.35 on October 13, 2006, for a gain of $17.35 or 44.5% since posting.
On July 19, 2006, ADS announced 2nd quarter 2006 results. Revenue for the quarter ended June 30, 2006, increased 32% to $490.5 million, from $370.6 million in the same quarter in 2005. Net income grew 30% to $44.8 million from $34.4 million the prior year. Per diluted share, this worked out to a 38% increase to $.55/diluted share vs $.40/diluted share the prior year. The company also raised guidance on both revenue and earnings adding to the postive impact of this report.
So how did I do that week in June a little over a year ago?
Actually, it was a mixed result with three stocks losing ground and two stocks moving strongly higher. The average change for the five stocks was an average gain of 22.72%!
Thanks so much for stopping by and visiting! If you have any comments or questions, please feel free to drop me a line at bobsadviceforstocks@lycos.com. I read all of the email I get, and I try to respond to as many as possible. If you get a chance, please drop by and visit my Stock Picks Podcast Site where I discuss many of the same stocks and questions I write about here on the blog!
Bob