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 prior to making any investment decisions based on information on this website.
It is almost Halloween, and I was out at a party this afternoon doing of all things a scavenger hunt. My team came in last. But we had a good time in any case. But this evening, I wanted to make sure I take care of my "review" that I like to do each week, looking back about a year at all of the picks that week, and seeing how they turned out!
Fortunately, I only picked one stock during the week of August 23, 2004. On August 25, 2004, I picked Williams-Sonoma (WSM) for Stock Picks Bob's Advice when it was trading at $34.64. WSM closed at $37.34 on 10/28/05, for a gain of $2.70 since posting or 7.8%.
On August 23, 2005, Williams-Sonoma reported 2nd quarter 2005 earnings results. Revenue grew 13% to $776.2 million from $689.6 million for the same quarter last year. Net income grew to $30.8 million or $.26/share, for the three months ended July 31, 2005, up from $27.6 million or $.23/share last year. As reported elsewhere, comparable store sales increased 3.7% during the quarter.
Thus, with only one stock to review for the week, the performance for that stock, Williams-Sonoma (WSM), was a gain of 7.8% since listing on the blog.
Thanks again for stopping by and visiting! If you have any questions or comments, please feel free to leave them right on the blog or email me at bobsadviceforstocks@lycos.com. Have a great week trading and investing in the market!
Bob