Boring Portfolio

Boring Portfolio Report
Monday, June 10, 1996

by Greg Markus (MF Boring)

ANN ARBOR, MI, June 10, 1996 -- In contrast to the zippy news over in our neighbor's port, IBM did NOT announce today that LCS Industries had been selected as their exclusive fulfillment provider for catalog sales for the entire line of IBM personal computers. IBM also did NOT announce that they had awarded Shaw Group a $1 billion contract to construct a state-of-the-art computer pipeline facility in Armonk, NY. Nor did IBM announce that they had just inked a deal with Green Tree Financial to provide financing for Aptiva sales to consumers and businesses nationally.

In response to all those non-announcements, the Borefolio managed to appreciate a whopping $62 in value today, or +0.12%. We had exactly one gainer -- Prime Medical -- but that was sufficient to beat the major market averages.

The exquisitely boring quality of this Monday was further enhanced by the fact that not one news item mentioned any of the Boring stocks today. Borders did NOT announce another grand opening. Absolutely. Nothing. Happened.

So what to do with the balance of today's recap? Well, I suppose I could observe that Boredom seems to be spreading. For example, the current issue of Barron's (you know, the one with at least one print run that had Iomega's secondary price off by a mere $10/share) has TWO articles with the word "Boring" in the headline. Actually, only one says "Boring." The other says "B-o-r-r-ring!"

Wait, there's more! In "Boring Doubles," fund manager Mark Boyar (who has "an enthusiastic following among savvy professional investors" -- but actually seems to have a pretty sensible approach to investing, nonetheless) lists no fewer than four mail-order catalog sales companies among his top picks. Catalog sales companies are, of course, the outfits that our cellar-dweller LCS Industries caters to! Pretty amazing, huh?

I know. It's not amazing at all. But I had to come up with *something* to write about. I guess that tonight's Borefolio update is just one more example of what a boring day this Monday was.

Let's see if we can add a new stock to the mix this week. Maybe that would rouse us out of our slumber!

Transmitted: 6/10/96


TODAY'S NUMBERS
BGP - 1/4 ...GNT - 1/4 ...LCSI ---...OXHP -1 1/2 ...
PMSI + 7/8 ...SHAW - 1/8 ...TXI ---...

*Scroll down or expand screen for full portfolio accounting

Day Month Year History

BORING +0.12% 0.56% 7.30% 7.30%

S&P 500 -0.17% 0.45% 8.13% 8.13%

NASDAQ +0.02% -1.08% 18.16% 18.16%

Rec'd # Security In At Now Change

3/8/96 400 Prime Medic 10.07 18.25 81.23%

2/28/96 200 Borders Gro 22.51 35.50 57.71%

1/29/96 100 Texas Indus 54.52 65.00 19.21%

2/2/96 200 Green Tree 30.39 32.00 5.31%

4/12/96 300 The Shaw Gr 18.84 18.38 -2.47%

5/24/96 100 Oxford Heal 48.02 44.38 -7.59%

3/25/96 200 LCS Industr 26.14 15.50 -40.70%

Rec'd # Security Cost Value Change

3/8/96 400 Prime Medic 4027.49 7300.00 $3272.51

2/28/96 200 Borders Gro 4502.49 7100.00 $2597.51

1/29/96 100 Texas Indus 5449.99 6500.00 $1050.01

2/2/96 200 Green Tree 6077.49 6400.00 $322.51

4/12/96 300 The Shaw Gr 5652.49 5512.50 -$139.99

5/24/96 100 Oxford Heal 4802.49 4437.50 -$364.99

3/25/96 200 LCS Industr 5227.49 3100.00 -$2127.49

CASH $13299.52

TOTAL $53649.52


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