Boring Portfolio

Boring Portfolio Report
Monday, October 13, 1997
by Greg Markus (TMF Boring@aol.com)


ANN ARBOR, Mich. (Oct. 13, 1997) -- The Boring Portfolio gained 0.39% to establish a new high at $75,563. That performance easily surpassed those of the S&P 500 and Nasdaq, which rose modestly in light trading on Columbus Day. Borefolio advancers outnumbered decliners six to three.

CARLISLE COMPANIES (NYSE: CSL) picked up $3/4 in above-average trading activity ahead of the company's report of third-quarter results on Wednesday morning. According to data provided by First Call, analysts are looking for earnings of $0.60 per share, which would constitute a 20% gain over last year's $0.50. The Motley Fool will be covering Carlisle's follow-up conference call and will provide a timely synopsis.

Also reporting Wednesday morning is GREEN TREE FINANCIAL (NYSE: GNT). With the bond market closed today, GNT slipped $9/16 to $49 1/8. The consensus forecast is for Green Tree to post earnings of $0.83 per share for the September quarter. That would represent a healthy 36% advance over year-ago earnings of $0.61. We'll be covering Green Tree's conference call, also.

OXFORD HEALTH PLANS (Nasdaq: OXHP) gained $2 1/8 to recover most of Friday's losses. Oxford's innovations in healthcare provision are once again making headlines. This time it's Oxford's Specialty Management subsidiary, which has contracted with more than 700 specialists to care for Oxford members requiring their services.

Rather than having to check in with the patient's primary physician each time a test or procedure is required, the specialists will be paid a flat fee to manage all aspects of the patient's care with essentially complete clinical autonomy. Although some critics charge that this new approach could provide incentives for specialists to cut corners in order to maximize their own profits, many doctors and patients have indicated that they welcome the new approach. To launch the new program, Oxford has teamed up with an impressive list of specialists and hospitals in New York, New Jersey, Pennsylvania and Connecticut.

Oxford investors may recall that when company founder and chairman Stephen Wiggins stepped aside from his position as CEO in August, he said he was doing so in part to focus on developing Oxford's Specialty Management unit.

Finally, Shares of TIDEWATER (NYSE: TDW) ebbed $1 5/16 as driller and marine services stocks followed crude oil prices down in profit-taking after a strong run-up recently.

Drip Portfolio -- Randy on KSU, Part 3.
The Fool Portfolio -- Bill Clinton, Saddam and scuds.
Fool Message Boards -- Speak your mind!
Evening News -- All the news, early.
Daily Double
-- HumanScan.
Daily Trouble -- Seachange.
Fool Four -- 23% annualized historically


TODAY'S NUMBERS
Stock  Change    Bid
ATLS  -  1/4   27.00
BGP   +  1/4   27.19
CSL   +  3/4   46.75
CSCO  +  5/16  81.69
GNT   -  9/16  49.13
ORCL  +  3/16  36.31
OXHP  +2 1/8   75.88
PMSI  +  1/8   14.44
TDW   -1 5/16  64.56
                   Day   Month    Year  History
        BORING   +0.39%   3.35%  31.33%  51.13%
        S&P:     +0.12%   2.20%  30.69%  55.74%
        NASDAQ:  +0.18%   3.35%  34.94%  67.36%

     Rec'd   #  Security     In At       Now    Change
  2/28/96  400 Borders Gr    11.26     27.19   141.53%
  8/13/96  200 Carlisle C    26.32     46.75    77.59%
   2/2/96  200 Green Tree    30.39     49.13    61.66%
  5/24/96  100 Oxford Hea    48.02     75.88    57.99%
  6/26/96  100 Cisco Syst    53.90     81.69    51.55%
   3/8/96  400 Prime Medi    10.07     14.44    43.39%
 12/23/96  100 Tidewater     46.52     64.56    38.77%
   3/5/97  150 Atlas Air     23.06     27.00    17.09%
 11/21/96  150 Oracle Cor    32.43     36.31    11.96%

     Rec'd   #  Security     In At     Value    Change
  2/28/96  400 Borders Gr  4502.49  10875.00  $6372.51
  8/13/96  200 Carlisle C  5264.99   9350.00  $4085.01
   2/2/96  200 Green Tree  6077.49   9825.00  $3747.51
  5/24/96  100 Oxford Hea  4802.49   7587.50  $2785.01
  6/26/96  100 Cisco Syst  5389.99   8168.75  $2778.76
 12/23/96  100 Tidewater   4652.49   6456.25  $1803.76
   3/8/96  400 Prime Medi  4027.49   5775.00  $1747.51
   3/5/97  150 Atlas Air   3458.74   4050.00   $591.26
 11/21/96  150 Oracle Cor  4864.99   5446.88   $581.89

                             CASH   $8028.59
                            TOTAL  $75562.97