Boring Portfolio Report
Wednesday, July 16, 1997
by Greg Markus
(TMFBoring)
ANN ARBOR, Mich. (July 16, 1997) -- And the crowd goes crazy!!
A monthly consumer price report released this morning demonstrated for the umpteenth time that inflation has gone the way of Elvis: always in our minds if no longer with us in life. That sent the yield on the long bond under 6.50%. And that, plus a wave of upbeat earnings reports from technology companies, propelled the Dow over the 8000 mark and the Nasdaq to its largest one-day point gain ever: +39 to 1581.
That works out to a 2.50% one-day gain for the Nasdaq -- or about 200 Dow points for those of you who (like me) still convert Celsius into Fahrenheit to figure out how hot it is.
Well, it's hot. Records all 'round -- for all the major stock benchmarks and for the Boring Portfolio, which now sits at $68,476.
A modest $5/16 decline by ATLAS AIR (Nasdaq: ATLS) was the Borefolio's sole loser on Wednesday. The daily Borefolio stats record CISCO SYSTEMS (Nasdaq: CSCO) as a loser, but that's due to an erroneous recording of yesterday's closing price.
Apparently, the Borefolio anticipated Cisco's $1 11/32 gain today (to set an all-time closing high) and tallied it up in advance -- perhaps as a housewarming present for Mark Weaver, who debuted yesterday as a regular contributing Borefolio recapper. The plan is that ol' Doc Weaver will do the recap thing one day each week, as well as help yours truly figure out how to invest that remaining $7800 sitting in cash. I'm delighted.
In addition to Cisco, three other Boring holdings established record highs today: BORDERS GROUP (NYSE: BGP), ORACLE (Nasdaq: ORCL), and OXFORD HEALTH (Nasdaq: OXHP).
Adding to the good news was a $2 5/16 surge by TIDEWATER (NYSE: TDW). That moved the leading marine services company into the profit column for the Borefolio, and all nine holdings are now in the black.
Thursday promises to be a busy one for Boring stocks. GREEN TREE FINANCIAL (NYSE: GNT) will release its quarterly results before the market opens and follow up with a morning conference call. Also sometime that morning CARLISLE COMPANIES (NYSE: CSL) will report how its June quarter went, and will hold its conference call in the early afternoon. As is our practice, The Motley Fool will cover both events and will provide timely synopses.
Ahead of those reports, Green Tree grew $5/8 and Carlisle rolled up $7/16.
On Monday I wrote that today's recap would include excerpts from a recent conversation between Motley Fool writer Nico Detourn and veteran software businessman and investor Bob Sutton about the place of the Network Computer in Oracle's -- or at least Larry Ellison's -- grand strategy. Today's stock market surprise party has pre-empted that feature, and so it will be rescheduled for a later date -- most likely early next week.
Fool Message
Boards -- what are Fools saying?
Evening News
-- Big movers, up and
down.
Daily Double -- How can you find the next double?
Daily Trouble -- Value
in this beaten down stock?
The Fool Portfolio
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Fool Four -- 23% annual historic
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(c) Copyright 1997, The Motley Fool. All rights reserved.
This material is for personal use only. Republication and redissemination,
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TODAY'S NUMBERS
Stock Change Bid ATLS - 5/16 23.25 BGP + 3/16 26.94 CSL + 7/16 35.50 CSCO - 1/4 79.25 GNT + 5/8 38.38 ORCL + 15/16 57.38 OXHP +3 1/8 84.13 PMSI --- 11.88 TDW +2 5/16 48.25
Day Month Year History
BORING +1.26% 6.43% 19.01% 36.95%
S&P: +1.17% 5.81% 26.44% 50.67%
NASDAQ: +2.50% 9.61% 22.43% 51.84%
Rec'd # Security In At Now Change
2/28/96 400 Borders Gr 11.26 26.94 139.31%
5/24/96 100 Oxford Hea 48.02 84.13 75.17%
6/26/96 100 Cisco Syst 53.90 79.25 47.03%
8/13/96 200 Carlisle C 26.32 35.50 34.85%
2/2/96 200 Green Tree 30.39 38.38 26.29%
3/8/96 400 Prime Medi 10.07 11.88 17.94%
11/21/96 100 Oracle Cor 48.65 57.38 17.93%
12/23/96 100 Tidewater 46.52 48.25 3.71%
3/5/97 150 Atlas Air 23.06 23.25 0.83%
Rec'd # Security In At Value Change
2/28/96 400 Borders Gr 4502.49 10775.00 $6272.51
5/24/96 100 Oxford Hea 4802.49 8412.50 $3610.01
6/26/96 100 Cisco Syst 5389.99 7925.00 $2535.01
8/13/96 200 Carlisle C 5264.99 7100.00 $1835.01
2/2/96 200 Green Tree 6077.49 7675.00 $1597.51
11/21/96 100 Oracle Cor 4864.99 5737.50 $872.51
3/8/96 400 Prime Medi 4027.49 4750.00 $722.51
12/23/96 100 Tidewater 4652.49 4825.00 $172.51
3/5/97 150 Atlas Air 3458.74 3487.50 $28.76
CASH $7788.54
TOTAL $68476.04
