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 before making ANY investment decisions based on information on this website! They are far better qualified than I to know if such investment decisions are appropriate, timely, and likely to be profitable for you!
It is the weekend, and one of jobs I like to accomplish around here is to review picks from the prior year. I work week by week, about a 52 week trailing review, and because I sometimes don't get around to reviewing stocks (can you believe that?), my trailing period is now a bit more than 52 weeks. Currently, I am up to the week of April 12, 2004. That week, I actually only "picked" one stock, Option Care (OPTN) for Stock Picks.
I posted Option Care (OPTN) on Stock Picks on April 15, 2004, when it was trading at $13.37/share. OPTN had a 3:2 stock split on 4/1/05, thus making my "pick price" actually $8.91/share. OPTN closed at $13.10, for a gain of $4.19 or 47% since the selection price. Thus, my only pick for Stock Picks had a great performance in the subsequent year.
On May 10, 2005, OPTN announced 1st quarter 2005 results. Results were quite strong with revenue growing 17% to $120.8 million from $103.1 million, slightly ahead of expectations. Earnings increased to $5.3 million or $.16/share, up from $4.3 million, or $.13/share the prior year same quarter. In addition, the company announced the plan to increase the quarterly dividend by 50% to $.02/share.
This was a strong report for a strong stock pick here on the blog! Thanks again for stopping by and visiting. If you have any questions or comments, please feel free to leave them right here on the blog or email me at bobsadviceforstocks@lycos.com.
Bob