Boring Portfolio

Boring Portfolio Report
Tuesday, April 2, 1996

By MF Wheels (Paul Maghielse)

DETROIT, MI/April 2 -- Well, spring is in full swing, college hoops and hockey are over, let us now turn our Foolish gaze to BaseBorefolioBall.

Tuesday, middle inning relief, how boring. But then I realize something on my long trudge in from the pen... I have BACKUP! All those great players MF Boring puts into the field make things easy. Right?

Well, sort of.

I grab the ball from MF Rails (a terrific effort!), climb the hill, grab the signs from Fool HQ, and check the bases--watching for some early news of a steal. The only news has LCS Industries announcing that its dividend will be maintained, and Lam Research calling for redemption on May 3, 1996 of all the company's 6% debentures due in 2003, a sum that adds up to some $66 Million. Things look Boring at best, confusing at worst, so I windup, kick, and deliver.


I catch the S&P 500 taking all the way, nipping the outside corner and beating the large caps by a resounding 0.01%.

Next batter, the NASDAQ.

The windup, and the pitch.... Nazzy pops one into shallow center. The Borefolio infielders - Borders, Prime Medical, and LCS Industries, just stand there, unchanged. It's a different story in the outfield. In left, Green Tree Financial makes a mad dash toward the ball, gaining 1/2 on no news. In right, LRCX tangles his feet in a chunk of sod and spills face-first, losing 3/4. But just when all seems lost, TXI bolts in from center, lays out, and makes an ice-cream cone catch, worth a 1 point gain on the day.

Out of the inning. No harm done.

Of course, I wouldn't be a team player if I didn't give our manager some credit. MF Boring is the type of manager who not only teaches, but LISTENS closely to the advice of his players and coaches, a rather nice and boring quality in today's world of hair-trigger young managers with nicknames like "Hook" and "Slice."

Take a swing by the Boring folder and bounce yer ideas off the coach. He's always looking for fresh middle-inning relievers.

BGP --- ...GNT +   1/2 ...LRCX -   3/4 ...LCSI --- 
...PMSI --- ...TXI +1 ...

                   Day   Month    Year  History
        BORING   +0.25%   1.17%  -0.39%  -0.39%
        S&P 500  +0.24%   1.51%   5.41%   5.41%
        NASDAQ   +0.43%   0.90%   6.76%   6.76%

    Rec'd  #   Security     In At       Now    Change

   3/8/96 400 Prime Medic    10.07     13.25    31.58%
  2/28/96 200 Borders Gro    22.51     28.25    25.50%
  1/29/96 100 Texas Indus    54.52     65.38    19.90%
   2/2/96 200 Green Tree     30.39     35.13    15.59%
  3/25/96 200 LCS Industr    26.14     23.75    -9.14%
  2/23/96 100 Lam Researc    48.02     34.25   -28.68%

    Rec'd  #   Security      Cost     Value    Change
  2/28/96 200 Borders Gro  4502.49   5650.00  $1147.51
   2/2/96 200 Green Tree   6077.49   7025.00   $947.51
  3/25/96 200 LCS Industr  5227.49   4750.00  -$477.49
  2/23/96 100 Lam Researc  4802.49   3425.00 -$1377.49

   3/8/96 400 Prime Medic  4027.49   5300.00  $1272.51
  1/29/96 100 Texas Indus  5449.99   6537.50  $1087.51

                             CASH  $17117.60
                            TOTAL  $49805.10