Boring Portfolio Report
Tuesday, August 12, 1997
by Greg Markus (TMF
Boring)
ANN ARBOR, Mich. (August 12, 1997) -- Fifteen years ago today, the Dow Jones Industrial Average bottomed out at 777 after losing 25% in the preceding 14 months. Since Aug. 12, 1982, the Dow had gone on to increase more than ten-fold in nominal terms.
That impressive run got no respect today, however, as U.S. stocks celebrated the Birth of the Bull by selling off to the tune of just over 100 points on the Dow (-1.26%) and 10 points each on the S&P 500 and Nasdaq (-1.12% and -0.66%, respectively).
The Boring Portfolio went along for the ride, shedding 0.91%. Six of nine holdings lost ground.
Concerns over inflation (inflation??) apparently loomed large ahead of the July producer prices report on Wednesday morning and consumer prices report on Thursday. The yield on the benchmark 30-year bond rose to 6.67%.
There is precious little news to report on Boring stocks today. None, actually.
TIDEWATER (NYSE: TDW) managed to buck the tide to rise $7/8. OXFORD HEALTH PLANS (Nasdaq: OXHP) was the only other Borefolio winner, up $1/4. ATLAS AIR (Nasdaq: ATLS) held steady at an altitude of $27.
Everything else hit the skids, although none of the losses were particularly worrisome.
Indeed, "worrisome" is not at all the prevailing mood in the land of Boring stocks, because one thing this August retracement has accomplished is to provide a good opportunity to pick up a stock or two at an attractive price. We're nearing the conclusion of our due diligence on a number of prospective investments and expect to add at least one new stock to the fold very soon.
Drip Portfolio-- Criteria
for long-term buys, part 2.
Fool Message
Boards -- Speak your mind!
Evening News
-- Risk v. Reward.
Daily Double -- Grupo Radio Centro.
Daily Trouble -- Value
in this butchered stock?
The Fool Portfolio
-- Fool Port tied with Boring.
Fool Four -- 23% annualized.
(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 ATLS --- 27.00 BGP - 9/16 22.56 CSL -1 3/16 42.06 CSCO -1 3/16 74.25 GNT - 3/16 44.31 ORCL - 11/16 56.25 OXHP + 1/4 74.50 PMSI - 1/8 10.88 TDW + 7/8 50.88
Day Month Year History
BORING -0.91% -4.05% 18.49% 36.36%
S&P: -1.12% -2.91% 25.08% 49.05%
NASDAQ: -0.66% -1.10% 22.09% 51.42%
Rec'd # Security In At Now Change
2/28/96 400 Borders Gr 11.26 22.56 100.44%
8/13/96 200 Carlisle C 26.32 42.06 59.78%
5/24/96 100 Oxford Hea 48.02 74.50 55.13%
2/2/96 200 Green Tree 30.39 44.31 45.83%
6/26/96 100 Cisco Syst 53.90 74.25 37.76%
3/5/97 150 Atlas Air 23.06 27.00 17.09%
11/21/96 100 Oracle Cor 48.65 56.25 15.62%
12/23/96 100 Tidewater 46.52 50.88 9.35%
3/8/96 400 Prime Medi 10.07 10.88 8.01%
Rec'd # Security In At Value Change
2/28/96 400 Borders Gr 4502.49 9025.00 $4522.51
8/13/96 200 Carlisle C 5264.99 8412.50 $3147.51
2/2/96 200 Green Tree 6077.49 8862.50 $2785.01
5/24/96 100 Oxford Hea 4802.49 7450.00 $2647.51
6/26/96 100 Cisco Syst 5389.99 7425.00 $2035.01
11/21/96 100 Oracle Cor 4864.99 5625.00 $760.01
3/5/97 150 Atlas Air 3458.74 4050.00 $591.26
12/23/96 100 Tidewater 4652.49 5087.50 $435.01
3/8/96 400 Prime Medi 4027.49 4350.00 $322.51
CASH $7890.00
TOTAL $68177.50
