Boring Portfolio Report
Thursday, September 4, 1997
by Mark Weaver, MD
(MWEAV)
ANN ARBOR, Mich. (Sept. 4, 1997) -- The market closed mixed on Thursday, with the Dow off 27 points (-0.35%) but the S&P 500 and Nasdaq pushing ahead by 0.33% and 0.40%, respectively.
The Boring Portfolio basically treaded water, losing about $65, or 0.09%. Borefolio holdings were up and down -- mostly down -- fractionally on your basic no-news, snoozer of a day.
PRIME MEDICAL (NASDAQ: PMSI) continues strong. PMSI picked up $3/8 on the bid, with a quarter-million shares changing hands ... or computer terminals, or something -- even if sometimes only from one market-maker's to another, Nasdaq-style.
I spotted no Prime news, but I did notice that Lehman Brothers started coverage of EDAP (Nasdaq: EDAPY) with a "buy" today. EDAP, as many of us have learned recently, makes the Prostatron gizmo that Prime's fixin' to haul out onto the highway in a few months, nukin' prostates and rakin' in the bucks.
As I understand it, Lehman handled EDAP's IPO last month, so they're not exactly disinterested bystanders in recommending the stock. Whatever.
ORACLE (Nasdaq: ORCL) gained $1/2 in moderate trading. Sensei Larry's company will post results for its fiscal first quarter on Tuesday, Sept. 16, after the close of trading, with a conference call to follow.
The August quarter is typically a slo-w-w-w one for Oracle, but it may provide an early indication of market acceptance for Oracle8 and some of the company's new apps. According to First Call, the consensus forecast of 26 analysts who cover Oracle is for earnings of $0.15 per share. That would represent a 36% advance over last year's $0.11.
The Borefolio's other Silicon Valley holding, CISCO SYSTEMS (Nasdaq: CSCO) eased $7/16 on the bid despite a favorable mention by Peter Lynch on CNBC. While channel-surfing on my lunch break, I happened to spot Lynch plugging his new CD-ROM on investing. Looks cool, but I'm waiting for The Motley Fool version ... right, guys?
Yesterday, SPRINT (NYSE: FON) announced they will be one of the early users of Cisco's zippy new Model 12,000 Gigabit Switch Router (GSR -- formerly BFR, but cleaned up for prime time). With GSRs girding its backbone, Sprint says they'll have the world's first OC-12 packet-over-SONET (POS) Internet network.
As I consult my network cheat-sheet, I see that OC-12 translates into 622 Mbps, which is, like, muy rapido. Of course, whether all those electrons surging through Candy Bergen's fiber-optic firehose will ultimately show up any sooner at my desktop remains to be seen. But they tell me they're working on it. Meantime, it's the World Wide Wait at a leisurely 33.6 Kbps for Boring.
Drip Portfolio --
Healthcare leaders.
Fool Message
Boards -- Speak your mind!
Evening News
-- All the news,
early.
Daily Double -- More room to run?
Daily Trouble -- Value
in this butchered stock?
The Fool Portfolio
-- Fool Port still trying to catch up.
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 + 5/16 28.38 BGP - 1/2 24.75 CSL - 1/4 43.75 CSCO - 7/16 77.38 GNT + 1/4 46.25 ORCL + 1/2 39.00 OXHP - 1/8 75.50 PMSI + 3/8 13.38 TDW - 13/16 54.00
Day Month Year History
BORING -0.09% 2.83% 25.02% 43.87%
S&P: +0.33% 3.49% 25.67% 49.75%
NASDAQ: +0.40% 2.35% 25.84% 56.07%
Rec'd # Security In At Now Change
2/28/96 400 Borders Gr 11.26 24.75 119.88%
8/13/96 200 Carlisle C 26.32 43.75 66.19%
5/24/96 100 Oxford Hea 48.02 75.50 57.21%
2/2/96 200 Green Tree 30.39 46.25 52.20%
6/26/96 100 Cisco Syst 53.90 77.38 43.55%
3/8/96 400 Prime Medi 10.07 13.38 32.84%
3/5/97 150 Atlas Air 23.06 28.38 23.06%
11/21/96 150 Oracle Cor 32.43 39.00 20.25%
12/23/96 100 Tidewater 46.52 54.00 16.07%
Rec'd # Security In At Value Change
2/28/96 400 Borders Gr 4502.49 9900.00 $5397.51
8/13/96 200 Carlisle C 5264.99 8750.00 $3485.01
2/2/96 200 Green Tree 6077.49 9250.00 $3172.51
5/24/96 100 Oxford Hea 4802.49 7550.00 $2747.51
6/26/96 100 Cisco Syst 5389.99 7737.50 $2347.51
3/8/96 400 Prime Medi 4027.49 5350.00 $1322.51
11/21/96 150 Oracle Cor 4864.99 5850.00 $985.01
3/5/97 150 Atlas Air 3458.74 4256.25 $797.51
12/23/96 100 Tidewater 4652.49 5400.00 $747.51
CASH $7890.00
TOTAL $72083.75
