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.
In the previous post, I discussed a stock from my actual trading portfolio. In this post, I shall be reviewing stocks that I have "picked" for review but do not necessarily own. In fact, I do own Cooper Companies in my trading account, but do not own any shares or options of Polaris Industries (PII).
On September 1, 2004, I posted Cooper Companies (COO) on Stock Picks Bob's Advice at $63.33/share. COO closed at $72.74 on 11/4/05, for a gain of $9.41 or 14.9% since posting.
On September 7, 2005, COO reported 3rd quarter 2005 results. For the quarter ended July 31, 2005, revenue came in at $222.1 million, 72% over the third quarter 2004 results. Income was $37.88 million, up over 50% from the $24.6 million reported the prior year. On a diluted per share basis, earnings came in at $.79/share, up 18% from the $.67/share reported the prior year same period.
On September 2, 2004, I posted Polaris Industries (PII) on Stock Picks Bob's Advice when it was trading at $51.00/share. PII closed at $46.17/share on 11/4/05, for a loss of $(4.83) or (9.5)% since posting.
On October 13, 2005, Polaris (PII) announced 3rd quarter 2005 results. Sales from continuing operations for the quarter increased 6% to $543.1 million, compared with $510.6 million the prior year. Net income from continuing operations came in at $1.17/dilued share, up 17% from last year's net income of $1.00/diluted share. However, the company did reduce full year 2005 results and this was enough to "throw some cold water" on the stock chart.
So how did we do? Well, I only "picked" two stocks that week, and Cooper showed a gain of 14.9%, and Polaris showed a loss of (9.5)% since posting. Averaging the two stocks, we get an appreciation of only 2.7% for the two stocks since they were introduced the prior year.
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