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Sunday, 18 April 2004
"Seven Months Ago" A longer term view examining the week of September 22, 2003
Hello Friends! This is the bit of the longer post...if you are new to this BLOG, well, I would CERTAINLY like to welcome you. Remember to always do your own work on investigating these stock market investment ideas and PLEASE consult with your investment advisor as I am just a fellow amateur investor and do not know whether the investments discussed are appropriate or timely for you!

During the week of September 22, 2003, I reviewed nine stocks on Bob's Advice. Let's see how they have done since I posted them. I currently do not own ANY of these stocks.

On 9/22/03, I picked Bio-Reference Lab (BRLI) on this blog at $11.63. BRLI closed at $14.94 on 4/16/04 for a gain of $3.31 or 28.5%.

So how are they doing now? BRLI announced 1st quarter 2004 results on 3/4/04. Net revenue was $29.0 million, a 22% increase over $23.8 million in the same quarter in 2003, and on a fully diluted per share basis, net income was $.07/share compared to $.04/share the prior year. BRLI is doing just fine!

On 9/22/03, I posted TBC Corp (TBCC) on Bob's Advice at $24.13/share. TBCC closed at $28.79 on 4/16/04 for a gain of $4.66 or 19.3%.

Looking for recent news on TBC, on February 11, 2004, TBC reported 4th quarter 2003 results: same store sales of this tire business were up 4.5% during the quarter. Net sales for the quarter were up 33.5% to $370.7 million from $277.8 million in the same period the prior year. Net income increased 17.1% to $9.5 million from $8.1 million the prior year or $.41/diluted share vs $.37/diluted share the prior year. This tire store appears to be 'rolling right along...no flat tire here!'

Speaking of cars, on 9/24/03 I posted America's Car-Mart (CRMT) on Bob's Advice at $29.61. CRMT closed at $30.37 on 4/16/04 for a gain of $.76 or 2.6%.

The 3rd quarter 2004 results were released on 3/2/04. Revenue increased 14% from the prior quarter. HOWEVER, and this is a big HOWEVER, diluted earnings per share declined 17% from the prior year quarter. They came in at $.35/diluted share vs. $.42/diluted share the prior year. This kind of performance keeps me from repeating the plug for this stock on this blog. Would I sell the stock if I owned it? Probably not if I didn't have a loss....but then again...who knows? I certainly would be watching closely at the soon to be announced earnings.

On 9/24/03, I picked Multimedia Games (MGAM) on the blog at $34.30/share. MGAM split 2:1 on 3/1/04, for a resultand net selection price at $17.15. MGAM closed on 4/16/04 at $24.01 for a nice gain of $6.86 or 40%.

On 1/27/04, MGAM reported 1st quarter 2004 results. Revenue was up 32.0% to $34.5 million from $26.1 million the prior year. Net income, however, dropped (2.4)% to $7.3 million from $7.5 million. On a per share basis, fully diluted, this was a drop of (4.0)% to $.48 from $.50 the prior year. Just like the prior post, we have a great paper-profit on our pick...but I would be cautious on buying at this point until I can see what the soon-to-be released earnings demonstrate!

The WD-40 Company (WDFC) was selected for this blog on 9/25/03 at a price of $31.20. On 4/16/04, WDFC closed at $31.30 for a small gain of $.10/share or .3%.

It is interesting how a flat stock appreciation may reflect a flat earnings report! I guess that is what this blog is all about...anyhow, on 4/13/04, WDFC reported 2nd quarter 2004 results: net sales came in at $58.5 million, an increase of 0.2% over prior year results. Net income for the quarter was $6.2 million or $.36/share DOWN 23.9% compared to $8.2 million or $.49/share the prior year. These results DEFINITELY need a little WD40 to get them moving! Now seriously, I am not excited over the quarter's results!

PHEW...hang in there...five down and four to go!

On 9/25/03, I picked CREE for Bob's Advice at $22.16. CREE closed at $20.82 on 4/16/04 for a loss of $(1.34) or (6.0)%.

CREE reported 3rd quarter 2004 results on 4/15/04. Revenue for the quarter came in at $77.1 million, a 28% increase over the $60.2 million reported in the same period the prior year. Net income was up 42% to $15.1 million or $.20/diluted share vs $10.6 million or $.14/diluted share the prior year. These are great results, and I still like this stock even though we are DOWN from the selection price, and even though I MYSELF made a purchase of CREE in my trading account a few months ago and got stopped right out at the 8% loss level!

On 9/26/03, I picked Cherokee (CHKE) for the blog at a price of $20.90. CHKE closed at $23.18 on 4/16/04 for a gain of $3.09 or 14.8%.

Cherokee 4th quarter 2004 results on 3/31/04. Revenue was up 7.6% in the quarter and net income was up 6.9% for the quarter. These were nice results!

Hang in there! Two to go:

Abaxis (ABAX) was posted on Stock Picks Bobs Advice on 9/26/03 at a price of $13.40. ABAX closed at $22.23 on 4/16/04 for a gain of $8.83 or 65.9%.

ABAX reported 3rd quarter 2004 results on 1/29/04. Quarterly revenues came in at $12.3 million up 45% from the prior year. Diluted earnings per share came in at $.05/share up from $.01/share the prior year. This company is going like 'gang-busters'! Too bad I don't own any shares!

O.K. the LAST ONE! (these weekend things DO get long...are they too long for you??)

On September 26, 2003, I posted RIMM at $38.24/share...Now get this, I haven't checked this one for a while, and RIMM closed at $100.55/share on 4/16/04 for a gain of $62.31 or 163%!!

Wow. (And I NEVER bought a single share!)

Well what about their earnings? On April 7, 2004, RIMM reported fourth quarter 2004 results. Revenue was up 37% SEQUENTIALLY (!) and 141% from the $87.5 million in the prior year to $210.6 million this year. Net income was $41.5 million or $.46/diluted share compared to $16.3 million or $.20/diluted share the PRIOR quarter or compared to the prior year same period when they had a LOSS of $(31) million or $(.40)/diluted share. This company is doing great and the stock price has gone to the moon!!!

So in summary, there were nine stocks posted that week with actually a fabulous performance with only one stock, CREE, losing money down (6.0)% during the period. (And WOULDN'T YOU KNOW IT, THAT's the ONLY ONE that I DID purchase from that list!!!)....oh well. The other eight stocks had gains ranging from .3% for WD40 to 163% for RIMM for an average gain for the nine stocks of 36.5%.

Anyhow, remember that past performance is NO GUARANTEE of future performance for ANY stock!

Thanks so much for stopping by! If you have any questions, comments, or words of encouragement, please feel free to email me at bobsadviceforstocks@lycos.com

Hope everyone has a great week investing!

Bob


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