Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! I have enclosed an image from the New York Burns Film Center on one of my old favorite cartoon figures: Mighty Mouse!
As always, 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.
It is the weekend and I like to review past selections when I get a chance (!), and see how they would be doing if we had purchased all of them and held on to them...without selling either at a loss of 8% or at gains; a process that I like to do with my real trading portfolio. In any case, it still gives us an idea about the potential and the pitfalls of this and any trading strategy! This week I am up to the week of January 5, 2004. I made six selections that week.
On January 5, 2004, I posted Applied Films (AFCO) on Stock Picks at $37.46. AFCO closed at $22.30 on 2/25/05 for a loss of $(15.16) or (40.5)%.
On January 20, 2005, AFCO reported 2nd quarter 2005 earnings results. Net revenues were down (17.9)% to $46.9 million compared to $57.1 million the prior year. Pro forma income from continuing operations was down to $1.8 million or $.12/diluted share from $4.1 million or $.28/diluted share the prior year.
On January 6, 2004, I posted Dollar Tree (DLTR) on Stock Picks at a price of $31.85. DLTR closed at $26.85 on 2/25/05 for a loss of $(5.00) or (15.7)%.
On February 23, 2005, DLTR reported 4th quarter 2004 results. Sales for the quarter came in at $987.5 million, a 10.6% increase over the $893.1 million the prior year. Earnings came in at $.79/share up from $.69/share in the same quarter last year. For the year, same-store sales growth was an anemic 0.5%.
On January 7, 2004, I posted Kenneth Cole Productions (KCP) on Stock Picks at a price of $31.95. KCP closed at $29.09 on 2/25/05 for a loss of $(2.86) or (9.0)%.
On February 24, 2005, KCP reported 4th quarter 2004 results. Fourth quarter revenue, for the quarter ended December 31, 2004, increased 5.3% to $136.1 million. However, fourth quarter diluted EPS dropped to $.45/share from $.49/share the prior year.
On January 7, 2004, I posted Unifirst (UNF) on Stock Picks at a price of $27.11. UNF closed at $39.25 on 2/25/05 for a gain of $12.14 or 44.8%.
On January 5, 2005, UNF announced 1st quarter 2005 results. For the quarter ended November 27, 2004, revenues increased 4.2% to $188.4 million from $180.9 million the prior year. Net income came in at a record $13.4 million, or $.69/diluted share, a 40.2% increase from last year's first quarter net income of $9.5 million or $.49/diluted share.
On January 8, 2004, I posted Resources Connection (RECN) on Stock Picks at a price of $34.50. RECN closed at $49.89 on 2/25/05 for a gain of $15.39 or 44.6%.
On December 22, 2004, RECN reported 2nd quarter 2005 results. For the quarter ended November 30, 2004, revenue came in at $137.0 million, an 85% increase over the $74.0 million the prior year. (Sequentially revenue was up 19%!). Net income for the quarter was $15.6 million, or $.62/diluted share, up from $4.4 million or $.19/diluted share, an over 200% increase in earnings!
Finally, on January 9, 2004, I posted American Medical Systems (AMMD) on Stock Picks at a price of $25.96. AMMD closed at $39.70 on 2/25/05 for a gain of $13.74 or 52.9%.
On February 17, 2005, AMMD reported 4th quarter 2004 results. For the quarter ended January 1, 2005, sales were $60.0 million, a 27.3% increase over sales of $47.2 million the prior year. Net income was affected by write-offs, and came in at $6.7 million or $.19/share, down from $10.3 million or $.30/share the prior year. However, excluding the impact of an investment write-off and the effect of tax rate changes...net income for the quarter worked out to $10.8 million or $.30/share up from $8.4 million or $.24/share the prior year. You decide. However, the street appears to have like the results as the stock price held up nicely.
So how did we do that week a year ago??? I actually had three stocks that declined (AFCO, DLTR, and KCP); and three stocks that appreciated inprice (UNF, RECN, and AMMD). However, the stock appreciating were overall stronger than the losing stocks and I had an average increase of 12.9% for the six stocks!
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