Boring Portfolio

Boring Portfolio Report
Friday, September 26, 1997
by Greg Markus (TMF Boring@aol.com)


TEMPE, Ariz. (September 26, 1997) -- The S&P 500 trimmed its losses for the week by gaining 0.78% on Friday. The Nasdaq rose 0.20%.

As for the Boring Portfolio, it gained 0.73% to set a new high of $74,558. The previous record was established just four days earlier. Advancing holdings outnumbered losers by five to four. For the week, the Borefolio gained 1.02%, as compared with a loss of 0.56% for the S&P 500 and a 0.11% rise for the Nasdaq.

With not one iota of news to report on Boring stocks for Friday, I'll recap briefly some of developments of the past week of relevance to the Borefolio, as an example of how an individual investor might keep abreast of news on his or her own holdings using readily available sources on AMERICA ONLINE (NYSE: AOL), YAHOO! (Nasdaq: YHOO), CNET (Nasdaq: CNWK), and other online sources.

ATLAS AIR (Nasdaq: ATLS) rose $1/8. On Thursday, a Reuters story named Atlas as Miami International Airport's leading cargo carrier in August, with 15,225 metric tons.

BORDERS GROUP (NYSE: BGP) backed off $3/16 Friday after setting a record high the day before. Earlier this week, Borders announced two new superstore openings, in Maryland and Pennsylvania, slated to occur ahead of the holiday shopping season.

CISCO SYSTEMS (Nasdaq: CSCO) gained $3/4 in moderate trading. A story in the current issue of Fortune magazine discusses the exciting and daunting challenge of telecommunications companies to transform themselves in the next few years from "phone companies" to service providers that will be handling perhaps three times as much data traffic as voice traffic by the year 2005. Cisco, of course, will continue to benefit enormously from this revolution, as it has to date.

ORACLE's (Nasdaq: ORCL) annual OpenWorld conference wound down in Los Angeles, but the company is gearing up for another strong year. Earlier this week, CEO Larry Ellison forecast that Oracle's earnings growth for the balance of its fiscal year ending May 1998 would outpace the 33% year-over-year gains the company enjoyed in its August quarter. If Ellison's prediction is on target, most analysts who follow Oracle will need to bump up their projections. ORCL lost $9/16 Friday but was up fractionally for the week.

OXFORD HEALTH PLANS (Nasdaq: OXHP) shot up $3 1/8 Friday and gained $1 1/2 for the week. Results of an independent survey of New Jersey health plan members showed that Oxford ranked number one in overall satisfaction and was came in first in 10 of 11 specific categories on the survey. And from Tampa Business Journal came news that Oxford is negotiating to open a call center in the Tampa Bay area that could employ 400 people next year and up to 1,200 people by the year 2000 as part of Oxford's expansion into Florida.

Finally, PRIME MEDICAL (Nasdaq: PMSI) rose $1/2 in above-average trading volume to close at a 52-week high of $14 3/4. The stock has risen nearly 60% for the Borefolio since April. Prime will report its third-quarter results in about four weeks.

That's it from glorious Sun Country. I hope you enjoy your weekend.

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TODAY'S NUMBERS
Stock  Change    Bid
ATLS  +  1/8   27.88
BGP   -  3/16  28.81
CSL   -  3/16  44.69
CSCO  +  3/4   73.56
GNT   +  3/4   47.31
ORCL  -  9/16  37.63
OXHP  +3 1/16  77.94
PMSI  +  1/2   14.75
TDW   -  1/8   58.88
                   Day   Month    Year  History
        BORING   +0.73%   6.59%  29.62%  49.16%
        S&P:     +0.78%   5.09%  27.60%  52.06%
        NASDAQ:  +0.20%   5.98%  30.30%  61.60%

    Rec'd   #  Security     In At       Now    Change
  2/28/96  400 Borders Gr    11.26     28.81   155.97%
  8/13/96  200 Carlisle C    26.32     44.69    69.75%
  5/24/96  100 Oxford Hea    48.02     77.94    62.29%
   2/2/96  200 Green Tree    30.39     47.31    55.70%
   3/8/96  400 Prime Medi    10.07     14.75    46.49%
  6/26/96  100 Cisco Syst    53.90     73.56    36.48%
 12/23/96  100 Tidewater     46.52     58.88    26.55%
   3/5/97  150 Atlas Air     23.06     27.88    20.89%
 11/21/96  150 Oracle Cor    32.43     37.63    16.01%

    Rec'd   #  Security     In At     Value    Change
  2/28/96  400 Borders Gr  4502.49  11525.00  $7022.51
  8/13/96  200 Carlisle C  5264.99   8937.50  $3672.51
   2/2/96  200 Green Tree  6077.49   9462.50  $3385.01
  5/24/96  100 Oxford Hea  4802.49   7793.75  $2991.26
  6/26/96  100 Cisco Syst  5389.99   7356.25  $1966.26
   3/8/96  400 Prime Medi  4027.49   5900.00  $1872.51
 12/23/96  100 Tidewater   4652.49   5887.50  $1235.01
 11/21/96  150 Oracle Cor  4864.99   5643.75   $778.76
   3/5/97  150 Atlas Air   3458.74   4181.25   $722.51

                             CASH   $7890.00
                            TOTAL  $74577.50