For those of you who may be new to this website, you will realize that I like to give my opinion on stocks. However, to keep me honest, and for you to better assess the validity of this approach, I like to spend the weekend on the site updating the prices on the past picks and looking back at our suggestions a week at a time. Currently we are using about a 5 week trailing view. As we get more experience here, we will soon start looking back six months at a time.
I was fairly busy the week of August 4, 2003. I posted 11 issues: Atrion Corp (ATRI), Intier Automotive (IAIA), and Mylan Laboratories (MYL) on August 4, 2003. FTI Consulting (FCN), Zimmer Holding (ZMH), Pulte Homes (PHM) and DRS Technology (DRS) on August 6, 2003, Jos. A. Banks Clothiers (JOSB) on August 7, 2003, and eSpeed (ESPD) and Emulex (ELX) on August 8, 2003.
ATRI was trading at $34.70 when we listed it here. As of close of trading on 9/19/03, ATRI was $41.64, a gain of $6.94 or 20%. Intier (IAIA) was $16.50 when we listed it, currently as of 9/19/03, IAIA closed at $17.00, a gain of $.50 or 3%. Mylan (MYL) was trading at $34.50 when listed here, it closed Friday (9/19) at $40.27, a gain of $5.77 or a gain of 16.7%.
FCN was listed on 8/6/03 at $21.90. FCN closed on 9/19/03 at $23.06, a gain of $1.16 or 5.3%. Zimmer Holding (ZMH) was $49.79 on 8/6/03 when listed. Zimmer closed Friday (9/19/03) at $53.69 for a gain of $3.90 or 7.8%. Pulte Homes (PHM) was at $63.86 when listed on Bobs Advice on 8/6/03. PHM closed at $68.55 on 9/19/03 for a gain of $4.69 or 7.3%. DRS Tech, one of our few losers during this period, and one I personally own, was listed at $27.98 on 8/6/03. DRS closed Friday, 9/19/03 at $25.64, for a loss of ($2.34) or (8.4%). Finally, Sunrise (SRZ) was also listed on 8/6/03 at $23.95. SRZ closed Friday, 9/19/03 at $26.60 for a gain of $2.65 or 11.1%.
Jos. A. Banks (JOSB) was listed on 8/7/03 at $44.16. JOSB has done well since then closing on 9/19/03 at $45.86 for a gain of $1.70 or a gain of 3.8%.
The final two selections of the week were eSpeed listed on 8/8/03 at $18.98. ESPD closed on 9/19/03 at $26.09 for a gain of $7.11 or 37.4%. Emulex was also listed on 8/8/03 with a price of $22.46. ELX closed Friday, 9/19/03 at $26.93 for a gain of $4.47 or 19.9%.
Overall this was an EXCELLENT week for stock picks with ten stocks gaining and one losing with an average gain of 11.3% over the short 6 week period.
Thanks again for stopping by and I am looking forward to an active week of stock picks and thoughts right here on Bob's Advice.
Bob