Boring Portfolio

Boring Portfolio Report
Wednesday, January 28, 1998
by Greg Markus (TMFBoring@aol.com)


ANN ARBOR, Mich. (Jan. 28, 1998) -- Technology issues led U.S. markets higher today. The Nasdaq roared ahead more than 2%. The S&P 500 gained 0.87%.

The Boring Portfolio, being partly invested in technology issues, partly in other stuff (air transport, book retailing, wheels and roofing supplies, real estate) and partly in cash, split the difference, tacking on a solid 1.34%.

On such a good day, one might expect lots of cheering about Cisco Systems (Nasdaq: CSCO), leaping $2 5/8 to hit a new high, or Carlisle Companies (NYSE: CSL), pushing ahead $1 1/4, or Andrew Corp. (Nasdaq: ANDW), continuing its impressive Borefolio debut with a $1 15/16 gain.

But in the words of former President George Herbert Walker Bush, "Nah guh hap'n."

Instead, I offer you on the eve of the Borefolio's second anniversary, its shortest nightly recap ever. After sleeping on it, I've decided to sell the Borefolio's investments in Green Tree Financial (NYSE: GNT) and Tidewater (NYSE: TDW).

If you're interested in the reasoning behind these decisions -- decisions that may not be at all appropriate for you but that you are, as always, welcome to read and critique -- please click here for the Green Tree sell report and here for Tidewater's.

This may not be the end of it, either. Stuff that we decide doesn't belong in a Boring Portfolio is getting tossed. New stuff -- including stocks recommended by some of you in the past couple of weeks -- goes in.

That's it. After a weekend in the Arizona desert, the Bore is tanned, rested, and ready to take another whack at getting this portfolio back to a respectable performance level.

Buenos tardes, babe.

FoolWatch -- It's what's going on at the Fool today.

Buy a Book and Get It Signed! -- Book Tour '98


TODAY'S NUMBERS
Stock  Change    Bid 
 ANDW  +1 15/16 29.63 
 CGO   -  1/16  21.69 
 BGP   -  1/2   32.81 
 CSL   +1 1/4   45.25 
 CSCO  +2 5/8   61.88 
 FCH   +  1/8   36.75 
 GNT   -  1/4   19.00 
 TDW   -  3/16  40.81 
 
                   Day   Month    Year  History 
         BORING   +1.34%  -2.93%  -2.93%  22.14% 
         S&P:     +0.87%   0.72%   0.72%  57.24% 
         NASDAQ:  +2.02%   2.58%   2.58%  54.74% 
  
     Rec'd   #  Security     In At       Now    Change 
   2/28/96  400 Borders Gr    11.26     32.81   191.51% 
   6/26/96  150 Cisco Syst    35.93     61.88    72.19% 
   8/13/96  200 Carlisle C    26.32     45.25    71.89% 
   1/21/98  200Andrew Corp    26.09     29.63    13.55% 
   11/6/97  200 FelCor Sui    37.59     36.75    -2.23% 
    3/5/97  150 Atlas Air     23.06     21.69    -5.94% 
    2/2/96  200 Green Tree    30.39     19.00   -37.47% 
  12/23/96  100 Tidewater     46.52     40.81   -12.28% 
  
     Rec'd   #  Security     In At     Value    Change 
   2/28/96  400 Borders Gr  4502.49  13125.00  $8622.51 
   6/26/96  150 Cisco Syst  5389.99   9281.25  $3891.26 
   8/13/96  200 Carlisle C  5264.99   9050.00  $3785.01 
   1/21/98  200Andrew Corp  5218.00   5925.00   $707.00 
    3/5/97  150 Atlas Air   3458.74   3253.13  -$205.62 
   11/6/97  200 FelCor Sui  7518.00   7350.00  -$168.00 
    2/2/96  200 Green Tree  6077.49   3800.00 -$2277.49 
  12/23/96  100 Tidewater   4652.49   4081.25  -$571.24 
  
                              CASH   $5206.47 
                             TOTAL  $61072.10