Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice. As you probably know, if you are a regular around here, I use the weekend to review picks from a year earlier. I use about a trailing 58 weeks or so....it grows when I miss a weekend review (!)...and see how things would have done if I had bought each stock I "picked" here and held on regardless of what the stock did. As you probably know, this "buy and hold" is NOT what I actually practice. I strongly believe that it is wiser to sell your losing stocks quickly and your gainers slowly.
Above all, please remember that I am an amateur investor so please consult with your professional investment advisors prior to making any decisions based on information on this website. If you have any questions or comments, please feel free to email me at email@example.com.
I posted Thomas Nelson (TNM) on Stock Picks on December 2, 2003, at a price of $19.91. TNM closed on 1/21/05 at $22.20 for a gain of $2.29 or 11.5%.
On November 9, 2004, TNM announced 2nd quarter 2005 results. .
Net revenue was $61.9 million for the three months ended September 30, 2004, compared to $63.8 million the prior year a decline of 3%. Net income for the same quarter came in at $6.4 million, also a decline of 3% from $6.6 million last year. Diluted eps also showed a decline for the quarter to $.43 compared to $.45 last year.
On December 3, 2003, I posted Kensey Nash (KNSY) on Stock Picks at a price of $22.20. KNSY closed at $31.51 on 1/21/05, for a gain of $9.31 or 41.9%.
On January 19, 2005, KNSY reported 2nd quarter 2005 results. Total revenues were $15.2 million for the second fiscal quarter compared with $13.7 million the prior year, an increase of 11%. Net income was $3.3 million, or $.27/share, an increase of 18% over the prior quarter's results of $2.8 million or $.23/share. However, as the Motley Fool reported, KNSY gave guidance that was a little less than what the street desired, and the stock responded weekly the prior day.
I posted Gevity HR on Stock Picks on December 4, 2003, at a price of $23.87. GVHR closed on 1/21/05 at $18.97, for a loss of $(4.90) or (20.5)%.
On October 21, 2004, GVHR announced 3rd quarter 2004 results. Revenues for the third quarter rose nearly 44% to $148.0 million as compared to $102.8 million in the third quarter of 2003. The company at the same time reported a 97.5% increase in net income from $4.1 million in the third quarter of 2003 to $8.1 milllion in the third quarter of 2004. EPS came in at $.29/diluted share in 2004, compared with $.16/diluted share for the same period in 2003.
On December 4, 2003, I posted Pogo Producing (PPP) on Stock Picks at a price of $46.66. PPP closed at $47.27 on 1/21/05, for a gain of $.61 or 1.3%.
As obtained from the Pogo Producing homepage, the company had a strong 3rd quarter 2004.Total revenue came in at $364.2 million in the quarter, up from $279.3 million in the quarter ending September 30, 2003. Net income for the 3rd quarter in 2004 was $86.6 million, compared with $67.6 million in 2003. On a diluted eps basis, this came in at $1.35 vs. $1.06 last year.
On December 5, 2003, I posted Medical Action Industries (MDCI) on Stock Picks at a price of $17.25. MDCI closed at $18.06 on 1/21/04 for a gain of $.81 or 4.7%.
On October 25, 2004, MDCI reported 3rd quarter 2004 results.Net sales for the third quarter ended September 30, 2004, came in at $35.1 million, a 9% increase from the $32.4 million reported the prior year. Net income for the period increased 12% to $2.7 million or $.26/diluted share, compared with $2.4 million or $.23/diluted share the prior year.
Finally, on December 5, 2003, I posted ResMed (RMD) on Stock Picks at a price of $41.76. RMD closed on 1/21/05 at $51.48 for a gain of $9.72 or 23.3%.
On November 8, 2004, RMD announced quarterly results.Revenue for the quarter ended September 30, 2004, came in at $87.7 million, a 20% increase over the same quarter the prior year. Net income increased to $22.9 million or $.43/diluted share, a 23% increase compared to the September, 2003 quarter. Unfortunately, there were a lot of "restructuring expenses" in the statement that muddled things up a bit for me!
So how did we do that week a little over a year ago? Actually not too bad. In fact, of the six stocks, five had gains, and only one (GVHR) had a loss during the period. Overall, the average performance was a gain of 10.4%. Again, this analysis assumes a buy and hold strategy. And always remember that past performance is no guide to future results.
If you have any comments, questions, or words of encouragement, please feel free to email me at firstname.lastname@example.org . Bob