Boring Portfolio

Boring Portfolio Report
Friday, May 17, 1996

(FOOL GLOBAL WIRE)
by Greg Markus (MF Boring)

ANN ARBOR, MI, May 17, 1996 -- Six out of seven Borefolio stocks advanced on this double-witching Friday, propelling the Boring Portfolio forward 1.86% in net asset value. That gain easily beat the major market averages.

More importantly, today's activity turned what was shaping up to be a down week for the Borefolio into one with a decent gain of +1.55%. That was still well behind the S&P (+2.58%) and the record-smashing NASDAQ (+3.25%), however.

Looks like I need to put that $14K in cash to work next week. If you have any suggestions, please post them in the "Boring Stocks" folder. AOLers: just click that button "Talk to Boring," on your right. Recall that what I'm looking for are:

* attractively-priced stocks

* of really high-quality companies

* that offer terrific products or services,

* are situated in reliably growing industries,

* earn lots of money for shareholders thereby,

* and are likely to continue doing so for a good while longer.

Like Borders Group, for example. BGP booked another $1 1/2 today to set a new all-time high. Lam Research gained $1, also -- this despite the fact that the April semiconductor industry book/bill came in at a relatively low value of 1.00. Green Tree Financial, Prime Medical, and Texas Industries all made fractional gains today, as well. No news on any of those guys.

There was news on Shaw Group, though. You may remember that some insiders (including President, CEO, and Chair James Bernhard) had been cashing in a few of their chips as SHAW has moved into high ground recently. Today's news was of close encounters of the buying kind: Director David Hoyle acquired 2,000 SHAW shares in late January (at a price of $10 3/8) and an additional 1,000 shares on April 12, at a price of $19 1/4. April 12?? Hey, that's the same day the Borefolio bought SHAW -- and got a better price, too!

LCS Industries was the only holding that didn't rise today. LCSI stayed put at $18. By the way, Heartland Advisors filed their SEC statement the other day, indicating that they hold 10.8% of LCSI's outstanding shares -- 456,260 in all. Interestingly, Heartland is also a major SHAW shareholder.

Hey, how 'bout them Red Wings!

Transmitted: 5/17/96


TODAY'S NUMBERS
BGP +1 1/2 ...GNT + 1/8 ...LRCX +1 ...LCSI --- ...PMSI + 5/8 ...SHAW + 7/8 ...TXI + 5/8 ...
*Scroll down or expand screen for full portfolio accounting
                   Day   Month    Year  History
        BORING   +1.86%   3.57%   9.63%   9.63%
        S&P 500  +0.61%   2.25%   7.61%   7.61%
        NASDAQ   +0.21%   4.31%  19.29%  19.29%
    Rec'd  #   Security     In At       Now    Change
  2/28/96 200 Borders Gro    22.51     37.38    66.04%
   3/8/96 400 Prime Medic    10.07     16.13    60.13%
  1/29/96 100 Texas Indus    54.52     64.00    17.38%
   2/2/96 200 Green Tree     30.39     33.25     9.42%
  4/12/96 300 The Shaw Gr    18.84     18.88     0.19%
  2/23/96 100 Lam Researc    48.02     44.00    -8.37%
  3/25/96 200 LCS Industr    26.14     18.00   -31.14%
    Rec'd  #   Security      Cost     Value    Change
  2/28/96 200 Borders Gro  4502.49   7475.00  $2972.51
   3/8/96 400 Prime Medic  4027.49   6450.00  $2422.51
   2/2/96 200 Green Tree   6077.49   6650.00   $572.51
  4/12/96 300 The Shaw Gr  5652.49   5662.50    $10.01
  2/23/96 100 Lam Researc  4802.49   4400.00  -$402.49
  3/25/96 200 LCS Industr  5227.49   3600.00 -$1627.49
  1/29/96 100 Texas Indus  5449.99   6400.00   $950.01
                             CASH  $14179.50
                            TOTAL  $54817.00


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