Boring Portfolio Report
Tuesday, February 11, 1997
by Gary Wall (MF Osprey)
JACKSONVILLE, Fl. (Feb. 11) -- The Dow gained 52 points on Tuesday, closing at 6858 and erasing yesterday's loss. The S&P 500 did likewise, gaining 0.53%. The Nasdaq was not so fortunate, however. It dropped another 0.27% on top of Monday's 1.65% selloff. Also, the Discovery space shuttle is up about 23,000 miles tonight, and the Sun is still approximately 93 million miles away.
The Borefolio actually eked out a gain today of 0.45%, as five holdings rose and four declined.
What? No MF Boring?
I suppose that Boring's fans are wondering just who the heck this MF Osprey guy is and what's he doing here in the Borefolio. Well, I'll tell you. Once in a while, I will fill in for the King of Snooze when he needs a nap. Think of me as a budding financial pundit who's one ambition in life is to appear on Wall Street Week with Louis Rukeyser. Gee, that couch looks really comfy. I like comfy couches.
One question which is often asked on this grandaddy of all financial TV shows is "Where is the market heading?" Well, I can tell you the answer. However you will have to send for my audio cassette course entitled "MF Osprey predicts the markets." Yup, for only $99.95, you too can learn the secrets of predicting the markets the Osprey way. You too can learn where any stock will close the next day. Plus, for an extra $10.00 per week, you can access my telephone hotline where I will supply hourly tips on where the market is heading. Just dial 1-900....
(Uh, I have just been informed by Fool HQ that I am acting irresponsibly.)
Hrrumph! Okay, then, lets talk about a great gold play on the Vancouver Exchange.This company is involved in a new process called Midas RX7 which will turn sand into gold. At only 25 cents a share, it is a steal!
(I have now been informed that The Motley Fool does not approve of speculative penny stocks and I am acting irresponsibly again.)
Dang it all. How come all the other pundits get to have all the fun? All I want to do is make some money. Fine, then let me recommend a sure thing. How about an Arkansas straddle/strangle combination with a bull spread roll up combined with...
(Oops. Fool HQ says I am not only acting irresponsibly this time, but incomprehensibly, too.)
Okay then, I'll just confine my commentary to the Borefolio. (Fool HQ says that may be a good idea.)
Larry Ellison, the Chairman and CEO of ORACLE CORP. (Nasdaq: ORCL), always has something important to say. And if Larry doesn't say it, then someone else at his company will. Day in and day out, no matter how trivial, the Oracle press releases pour out of this company like a broken water main. It looks like a budding financial pundit can find enough fodder to fill up a nightly report by merely looking at Oracle news and ignoring everything else.
Tonight is no exception. Oracle announced an upgrade to their Oracle Energy(TM) product in a joint agreement with PHILLIPS PETROLEUM (NYSE: P) which will provide some technical help with two add-ons specifically for the oil and gas industry: Oracle Land and Oracle Gas Marketing. This must have impressed Torch Energy Advisors Inc., since they decided to implement Oracle energy.
In other news, Oracle made an agreement with SEQUENT COMPUTER SYSTEMS (Nasdaq: SQNT) to support their parallel processing standard NUMA-Q 2000. Parallel processing systems are usually associated with mission critical applications where the system just cannot go down for any reason and Oracle has been in this stuff for a while.
But lets back up to last week's little noted announcement that Oracle is going to team up with beleaguered BORLAND INTERNATIONAL (Nasdaq: BORL) to bundle a number of Oracle's existing and future products together with Borland's C++Builder (TM) and JBuilder(TM) software tools. C++Builder, due out sometime this quarter, is going to be a way cool software development environment based on Borland's best selling Delphi(TM) object oriented technology. As a professional programmer, I have used Delphi and I have been impressed.
Oracle also announced a similar agreement with Visigenic Software, Inc. with some of its C++ and Java development tools. By signing small little agreements like these with the providers of software development tools, looked at en masse, shows how Oracle should maintain their position as the second largest software company in the world. Hopefully, a nice synergy will occur between Oracle and these companies. Alas, his company went down today one point, closing at $39.
Boring, right? The big news is CISCO SYSTEMS (Nasdaq: CSCO). I'm sure that all readers of this nightly recap are waiting with bated breath to read about some new insight that I can offer on what the heck is going on with this stock or with network stocks in general. Well, I'm glad to oblige.
The Cisco kid has been hurtin' ever since the Wall Street boys took out their six-shooters and bushwhacked the network gang. Cascade was shot real bad a few weeks ago, then 3Com was shot after they fessed up they wouldn't make as much money as they thought -- among other things. Our hero, the Cisco Kid, despite the good money he made, got hit with a few ricochets, but those flesh wounds seem to be healing. Today, Cisco recovered $2-1/2 climbing to close at 60 1/2.
Cisco announced today a free upgrade to 56kbps technology for some users of their AS5200 universal access server, plus they cut its list price. Interestingly, Cisco decided to use the standards developed at Lucent Technologies and Rockwell Semiconductor Systems as well as their own MICA Blazer technology.
TIDEWATER (NYSE: TDW) rose $1-1/4 on good volume of 847,000 shares. Not to be outdone by Tidewater's announcement yesterday of their quarterly dividend of 15 cents per share, GREEN TREE FINANCIAL (NYSE: GNT) declared their quarterly cash dividend today, of 7.5 cents per share. Let us see how this affects the Borefolio. 100 shares of Tidewater times $0.15 equals $15.00. 200 shares of Green Tree times $0..075 equals, $15.00! Wow, a total of $30 dollars -- party time! By the way, Green Tree was went down $5/8, closing at $39.
As for the other Boring stocks: Well OXFORD HEALTH PLANS (Nasdaq: OXHP) was up $1-1/8 on no news that I could find. CARLISLE COMPANIES (NYSE: CSL), gained $1/8, while PRIME MEDICAL SERVICES (Nasdaq: PMSI) lost $1/8. BORDERS GROUP (NYSE: BGP) ended the day down 5/8, and SOLECTRON CORP. (NYSE: SLR) closed down one point.
Well that's it. My first Borefolio report. How did I do? Now, about my audio cassette course. Just dial 1-900...
(Okay, okay... Sheesh, can't I just mention the phone number?)
(c) Copyright 1997, The Motley Fool. All rights reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of The Motley Fool.
Stock Change Bid -------------------- BGP + 5/8 43.88 CSL + 1/8 32.13 CSCO +2 1/2 60.50 GNT - 5/8 39.00 ORCL -1 39.00 OXHP +1 1/8 52.13 PMSI - 1/8 11.25 SLR -1 53.88 TDW +1 1/4 42.50
Day Month Year History BORING +0.45% 1.33% 1.33% 16.60% S&P: +0.53% 6.59% 6.59% 27.02% NASDAQ: -0.27% 3.15% 3.15% 27.93% Rec'd # Security In At Now Change 2/28/96 200 Borders Gr 22.51 43.88 94.89% 2/2/96 200 Green Tree 30.39 39.00 28.34% 8/13/96 200 Carlisle C 26.32 32.13 22.03% 6/26/96 100 Cisco Syst 53.90 60.50 12.25% 3/8/96 400 Prime Medi 10.07 11.25 11.73% 5/24/96 100 Oxford Hea 48.02 52.13 8.54% 10/15/96 100 Solectron 54.52 53.88 -1.19% 12/23/96 100 Tidewater 46.52 42.50 -8.65% 11/21/96 100 Oracle Cor 48.65 39.00 -19.84% Rec'd # Security In At Value Change 2/28/96 200 Borders Gr 4502.49 8775.00 $4272.51 2/2/96 200 Green Tree 6077.49 7800.00 $1722.51 8/13/96 200 Carlisle C 5264.99 6425.00 $1160.01 6/26/96 100 Cisco Syst 5389.99 6050.00 $660.01 3/8/96 400 Prime Medi 4027.49 4500.00 $472.51 5/24/96 100 Oxford Hea 4802.49 5212.50 $410.01 10/15/96 100 Solectron 5452.49 5387.50 -$64.99 12/23/96 100 Tidewater 4652.49 4250.00 -$402.49 11/21/96 100 Oracle Cor 4864.99 3900.00 -$964.99 CASH $5999.08 TOTAL $58299.08 transmitted February 11, 1997