Boring Portfolio Report
Thursday, May 23, 1996
(FOOL GLOBAL WIRE)
by Greg Markus (MF Boring)
PHOENIX, AZ, May 23, 1996 -- The NASDAQ managed to eke out yet another new high on Thursday: 1248.65. The S&P 500 index slipped -0.36%, however -- apparently in reaction to news that Jeff Vinik had resigned as manager of the $56 billion Magellan Fund.
At least that's what the wireservice news tells me. I'd have never known otherwise. Most of my day was spent en route to Phoenix, where I'm pausing barely long enough to tap out tonight's update before hopping in a rental car and driving to the outskirts of Tucson to meet my Yaqui friend.
Vinik may have resigned, but MF Boring, manager of a portfolio equal in heft to Magellan X 10**-6, is rarin' to go. Even the fact that the Boring Portfolio dipped again today (-0.18%) can't spoil my sunny outlook. Indeed, on the flight over, I assembled a Borefolio "buy" report for your consideration. More on that in a moment. First, let's look at today's Borefolio, uh, action.
Four stocks up on Thursday and only two down. But Shaw Group lost $1 1/8, and that was sufficient to drop the net value of the portfolio a few dollars (not counting interest on our $18,102 in cash). No SHAW news that I can locate online; possibly some additional insider selling of recently registered shares (as reported here previously) -- but that's pure speculation on my part.
In last night's report, I poked a little fun at LCSI for remaining unchanged at $18 for so many days. Today, LCSI had its revenge, falling $ 1/2. No news on LCSI.
In fact, the only news on any Borefolio stock today pertained to Green Tree Financial. Green Tree's board affirmed a $.0625 quarterly dividend for each GNT ticket you own. For the Borefolio, that means $12.50 coming our way. Hey, I'll take it.
Other gainers today were TXI, up $ 7/8, Prime Medical, up an eighth, and Borders, up $ 3/4. As best as I can tell, Borders actually let today go by without announcing a new superstore opening.
Which leaves us with our new purchase. In accordance with the Motley Fool Trade Policy, version 2.0, I hereby announce that sometime over the next five trading sessions I'll be adding 100 shares of Oxford Health Plans to the Borefolio. Check out the review of OXHP in the Boring Portfolio area, which will be available directly.
BGP + 3/4 ...GNT + 1/4 ...LCSI - 1/2 ...PMSI + 1/8 ...SHAW -1 1/8 ...TXI + 7/8 ...
*Scroll down or expand screen for full portfolio accounting
Day Month Year History
BORING -0.18% 3.03% 9.05% 9.05%
S&P 500 -0.36% 3.34% 8.75% 8.75%
NASDAQ +0.11% 4.88% 19.95% 19.95%
Rec'd # Security In At Now Change
3/8/96 400 Prime Medic 10.07 17.50 73.78%
2/28/96 200 Borders Gro 22.51 36.75 63.26%
1/29/96 100 Texas Indus 54.52 66.63 22.19%
2/2/96 200 Green Tree 30.39 32.75 7.78%
4/12/96 300 The Shaw Gr 18.84 17.88 -5.12%
3/25/96 200 LCS Industr 26.14 17.50 -33.05%
Rec'd # Security Cost Value Change
3/8/96 400 Prime Medic 4027.49 7000.00 $2972.51
2/28/96 200 Borders Gro 4502.49 7350.00 $2847.51
1/29/96 100 Texas Indus 5449.99 6662.50 $1212.51
2/2/96 200 Green Tree 6077.49 6550.00 $472.51
4/12/96 300 The Shaw Gr 5652.49 5362.50 -$289.99
3/25/96 200 LCS Industr 5227.49 3500.00 -$1727.49