Boring Portfolio Report
Wednesday, August 13, 1997
by Greg Markus (TMF
Boring)
ANN ARBOR, Mich. (August 13, 1997) -- Contrary to expectations, producer prices declined for an unprecedented seventh straight month in July, according to a government report released this morning. That news buoyed the bond market and sent stocks soaring... for about 20 minutes.
The Dow, which was up nearly 80 points momentarily, sold off sharply and tumbled more than 160 points, to -82, in a matter of minutes. The S&P 500 and Nasdaq followed along -- although the latter held up much better, thanks to a glowing quarterly earnings report from chip-equipment bellwether APPLIED MATERIALS (Nasdaq: AMAT).
By day's end, the Dow had recovered somewhat to -33 (-0.41%), while the S&P finished the session off 0.49%. The Nasdaq held on to a 7-point gain (+0.45%).
The Boring Portfolio finished higher, as well: up $138, or 0.20%. Five holdings rose, two fell, and two closed unchanged.
Among Boring winners was BORDERS GROUP (NYSE: BGP), which picked up $1/4 ahead of the company's quarterly earnings report tomorrow. The Motley Fool will cover Borders Group's 5pm EDT conference call and will provide you with a timely summary.
Analysts are expecting Borders to show a penny loss for the seasonally slow July quarter versus a three-cent loss a year ago. Should all go as planned, perhaps I'll head over to Borders #001 in Ann Arbor to toast the news with a double latte' and help the company's top line by purchasing a book or two, or a new CD.
Or a book or two and a new CD. Or two.
CISCO SYSTEMS (Nasdaq: CSCO) gained $13/16. The company today released Version 4.0 of its CiscoWorks network management application. Buy yours today, direct from Cisco's Web site, for only $9,995.
But wait! There's more!!
Act now and received free your companion copy of Cisco Resource Manager -- a $5,995 value, but yours free for the downloading when you purchase CiscoWorks 4.0!
I didn't see anything about a set of free steak knives as part of the deal. But it wouldn't hurt to ask.
Up the road a few miles from Cisco HQ (or CiscoHQ, as the folks on Tasman Drive might write it), ORACLE CORP. (Nasdaq: ORCL) announced that Oracle's Network Computer, Inc. (NCI) venture has completed its acquisition of Navio Communications Inc.
According to the press release, the new NCI will produce Enhanced TV (TM), which is software that "extends the television experience by combining broadcast and web content, creating a new and dynamic television experience for consumers."
Reports elsewhere indicate that Enhanced TV will be on the market in time for Christmas.
All I have to say about this is I'm glad that Oracle isn't betting its entire future on Enhanced TV.
But, hey, I'm just Boring.
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 + 1/8 27.13 BGP + 1/4 22.81 CSL + 9/16 42.63 CSCO + 13/16 75.06 GNT --- 44.31 ORCL + 1/2 56.75 OXHP -1 3/4 72.75 PMSI --- 10.88 TDW - 1/2 50.38
Day Month Year History
BORING +0.20% -3.85% 18.73% 36.63%
S&P: -0.49% -3.38% 24.47% 48.33%
NASDAQ: +0.45% -0.65% 22.65% 52.11%
Rec'd # Security In At Now Change
2/28/96 400 Borders Gr 11.26 22.81 102.67%
8/13/96 200 Carlisle C 26.32 42.63 61.92%
5/24/96 100 Oxford Hea 48.02 72.75 51.48%
2/2/96 200 Green Tree 30.39 44.31 45.83%
6/26/96 100 Cisco Syst 53.90 75.06 39.26%
3/5/97 150 Atlas Air 23.06 27.13 17.64%
11/21/96 100 Oracle Cor 48.65 56.75 16.65%
12/23/96 100 Tidewater 46.52 50.38 8.28%
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 9125.00 $4622.51
8/13/96 200 Carlisle C 5264.99 8525.00 $3260.01
2/2/96 200 Green Tree 6077.49 8862.50 $2785.01
5/24/96 100 Oxford Hea 4802.49 7275.00 $2472.51
6/26/96 100 Cisco Syst 5389.99 7506.25 $2116.26
11/21/96 100 Oracle Cor 4864.99 5675.00 $810.01
3/5/97 150 Atlas Air 3458.74 4068.75 $610.01
12/23/96 100 Tidewater 4652.49 5037.50 $385.01
3/8/96 400 Prime Medi 4027.49 4350.00 $322.51
CASH $7890.00
TOTAL $68315.00
