Boring Portfolio

Boring Portfolio Report
Friday, February 9, 1996

Greetings from sunny Florida. I took a cue from our Foolish leaders, Tom and David Gardner, and decided to get out of Dodge today for a long weekend. (You won't believe this, but I'm actually helping my mother research some bond funds. Man, if you thought the stocks I pick are boring, you should see some of *these* sleepy-time funds.)

Speaking of Boring Stocks, I rang up the broker this morning from a pay phone at the airport and told him I wanted to buy $7600 worth of POT, and fast. I didn't quite follow everything he said in reply, but eventually we worked out the details and 100 shares of Potash of Saskatchewan (POT:NYSE) were added to the Borefolio at a price of $76 per share.

For a while this morning, it looked like my uncanny ability to hit intra-day highs with my buy orders would manifest itself once more, but POT managed to move up one more tick before heading south. The stock closed the day at $75 1/8, down $7/8 for me.

As for the three other nags in our stable, there was no news I could spot from here at poolside. Green Tree finished up $1/8 for the day, at $30 7/8. For the week, we're up $5/8 with GNT.

Kulicke & Soffa continues to meander--up a bit one day, down some the next. Today it was down--a full point's worth, to $21 3/4. That one point represents our net loss on KLIC for the week.

Let's finish this report on a high note--and that's exactly what Texas Industries hit today. TXI gained $1 1/8 on the day, to close at *another* new high: $61 7/8. Yee-hah!

At the end of its second full week, the Borefolio is now approximately 50% invested in the market. I'm working hard on my research (and would be working even harder if only the little umbrella in my drink didn't keep poking me in the eye). Next week I hope to put more of our remaining cash reserves to work.

Buenos tardes, amigos!

--Greg Markus (MF Boring)

Today's Moves

GNT + 1/8
POT - 7/8
TXI +1 1/8
**POT quote is the change from time of purchase,
not from yesterday's close.

                   Day   Month    Year  History
        BORING   -0.35%   1.10%   0.59%   0.59%
        S&P 500  +0.05%   3.20%   5.59%   5.59%
        NASDAQ   +0.13%   3.28%   5.15%   5.15%

    Rec'd  #   Security     In At       Now    Change

  1/29/96 100 Texas Indus    54.52     61.88    13.48%
   2/2/96 200 Green Tree     30.39     30.88     1.61%
   2/9/96 100 Potash Corp    76.27     75.13    -1.50%
  1/29/96 200 Kulicke & S    23.89     21.75    -8.95%

    Rec'd  #   Security      Cost     Value    Change

  1/29/96 100 Texas Indus  5449.99   6187.50   $737.51
   2/2/96 200 Green Tree   6077.49   6175.00    $97.51
   2/9/96 100 Potash Corp  7627.49   7512.50  -$114.99
  1/29/96 200 Kulicke & S  4774.99   4350.00  -$424.99

                             CASH  $26070.04
                            TOTAL  $50295.04