Boring Portfolio Report
Tuesday, April 2, 1996
(FOOL GLOBAL WIRE)
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
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