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 amater investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.
As one of the things I like to do to share with all of my readers what I am thinking about investments, I have chosen to share with all of you my actual trading portfolio and my actual trades. On weekends, I have been trying to go through each of my now 19 positions, and update you as I once again review some of the basic fundamental information about each of these stocks.
On June 17, 2007, I wrote up my holding Ventana Medical Systems (VMSI), which I recently sold after a 25 point rise after Roche announced a bid for the stock. Going alphabetically, I am now back to the bottom of my list with Wolverine World Wide (WWW).
WWW is an old favorite of mine. I first wrote up Wolverine when the stock was trading at $28.90 (or actually $19.27 when adjusted for a 3:2 stock split February 2, 2005) on October 6, 2004. I "revisited" Wolverine on April 19, 2006, when the stock was trading at $23.91.
Currently, I own 200 shares of Wolverine World Wide (WWW) in my trading account that have a basis of $23.55, purchased on 4/19/06. WWW closed at $28.51 on July 6, 2007, for an unrealized gain of $4.96 or 21.1% on these shares. On January 31, 2007, I sold 40 shares of my 240 original shares (1/6th of the holding) at $30.57 for a gain of $7.02 or 29.8%.
I am now trying to sell 1/7th of my holdings at appreciation targets, not 1/6th as I did with Wolverine, and would plan on the upside of selling 1/7th of my 200 shares or 28 shares if the stock should reach a 60% gain or 1.6 x $23.55 = $37.68. On the downside, after a single sale at a 30% gain, my sale point would be at break-even or $23.55.
First, let's take a look at the "point & figure" chart on Wolverine World Wide from StockCharts.com:
Let's take another brief look at WWW and see if it deserves a spot on the blog!
On April 18, 2007, Wolverine World Wide (WWW) announced 1st quarter 2007 results. Revenue totalled $281.1 million, up 6.9% over last year's first quarter revenue of $262.8 million. First quarter earnings per share climbed 14.7% to $.39/share, up from $.34/share. Net earnings were $22.3 million, up from $19.6 million last year.
In light of the solid quarter, the upping of guidance at that time, the strong price chart, the impressive Morningstar.com "5-Yr restated" financials which show steady revenue, earnings, and dividend growth. Stable outstanding shares. Solid free cash flow, and a solid balance sheet.
WOLVERINE WORLD WIDE (WWW) IS RATED A BUY
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