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.
As I mentioned in my previous post, there are two things that I am trying to accomplish with this blog: first to look at stocks that appear attractive to invest, and follow-up at a later date to see how these ideas turned out; and to follow an actual trading portfolio with my strategy. The weekend reviews like this are designed to examine past stock selection ideas on this blog and see how they turned out. This evaluation is limited by a decision to review these picks with a "buy and hold" strategy. In fact, I actually sell my losing stocks quickly at an 8% loss level, and sell my gaining stocks slowly at pre-determined appreciation targets.
During the week of September 13, 2004, I "picked" two stocks for this blog: eResearch (ERES), and Syneron Medical (ELOS).
On September 14, 2004, I selected eResearch for Stock Picks Bob's Advice when the stock was trading at $17.36. ERES closed at $13.89 on 11/18/05 for a loss of $(3.47) or (20.0)%.
On October 26, 2005, ERES reported 3rd quarter 2005 results. For the quarter ended September 30, 2005, the company reported revenues of $20.9 million down from $28.0 million from the same quarter the prior year. In addition, Net income came in at $7.4 million, up from $4.0 million the prior year or $.13/diluted share, up from $.08/diluted share. Thus, although earnings were up for the quarter, revenue declined making this an unacceptable result imho.
On September 17, 2004, I posted Syneron (ELOS) on Stock Picks Bob's Advice when the stock was trading at $15.20. ELOS closed at $40.82 on 11/18/05 for a gain of $25.62 or 168.6% since posting!
On November 3, 2005, ELOS reported 3rd quarter 2005 results. For the quarter ended September 30, 2005, revenue climbed 68% to $25 million, from the $14.9 million reported in the third quarter of 2004. Net income for the quarter was up 100% to $14.6 million, up from $7.3 million. Earnings per diluted share almost doubled to $.53/share in the 3rd quarter, compared with $.29/diluted share the prior year same quarter. The company also raised revenue guidance for 2005 to $91-$92 million, up from the prior guidance of $84-$85 million.
So how did I do that week? Well, I had one loser down (20)% and one big winner with a big gain of 168.6%. Thus the average performance of the two was a gain of 74.3!
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Painting of a Thanksgiving scene by Antonio Esteves in 1978
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