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.
I made two stock picks on the week of November 15, 2004. For the sake of review, let's look at those picks and see how the stocks performed subsequently. However, please note, that I recomment and utilize a strict strategy of selling losing stocks quickly and completely at an 8% loss, and selling winning stocks partially and slowly at selected appreciation points.
On November 17, 2004, I posted Watts Industries (WTS) on Stock Picks Bob's Advice when it was trading at $29.90. WTS closed at $31.39 on 2/3/06, for a gain of $1.49 since poting or 5.0%.
On October 31, 2005, Watts (WTS) announced 3rd quarter 2005 results. Sales for the quarter ended October 2, 2005, came in at $232.7 million, an increase of 11% from the same quarter last year. Earnings, however, declined to $13.4 million or $.40/share, down from $13.7 million or $.42/share the prior year.
On November 18, 2004, I posted Genesco (GCO) on Stock Picks Bob's Advice when it was trading at $28.35/share. GCO closed at $38.22 on 2/3/06, for a gain of $9.87 or 35% since posting.
On November 22, 2005, GCO reported 3rd quarter 2006 results. Net sales for the quarter ended October 29, 2005, increased 10% to $316 million, up from $288 million in the same quarter last year. Earnings increased to $16.2 million or $.62/diluted share, up from $12.4 million or $.49/diluted share the prior year same period. In addition the company raised fiscal 2006 guidance--all-in-all a very nice report.So how did we do with these two stocks from that week a little over a year ago on Stock Picks? One stock increased 5% and the other stock appreciated 35%, for an average appreciation of 20% for the two stocks that week.
Thanks again for stopping by and visiting. Please remember that I am an amateur investor, and that past performance is not a guarantee of future performance. If you have any comments or questions, please feel free to email me at bobsadviceforstocks@lycos.com.
Bob