Boring Portfolio

Boring Portfolio Report
Monday, February 2, 1998
by Greg Markus (TMFBoring@aol.com)


ANN ARBOR, Mich. (Feb. 2, 1998) -- Five of six Boring stocks rose today, increasing the portfolio's net value by 1%. Not bad, but nothing like the better than 2% gains rung up by the benchmark averages on this exuberant Monday.

Irrationally so? Hey, don't ask me.

Borefolio newcomer Andrew Corp. (Nasdaq: ANDW) led the way for our little bag o' stocks, surging better than 6% to a bid of $29 1/8. No news that I spotted.

After rising $2 and establishing another new high early in the session, Cisco Systems (Nasdaq: CSCO) settled for a $7/8 gain. Some folks apparently elected to lock in profits ahead of the Kid's quarterly earnings report, slated for tomorrow after the close. According to First Call, the consensus estimate is for earnings of $0.42, with the range spanning from, $0.40 to $0.43. In the year-ago quarter, Cisco earned $0.34 per share.

Cisco today announced that two new members were elected its board of directors at the board's Jan. 20 meeting. They are Mary Cirillo, an executive vice president of Bankers Trust, and James C. Morgan, chairman and CEO of Applied Materials (Nasdaq: AMAT). The additions of Cirillo and Morgan raises the number of Cisco board members to 11.

Atlas Air (NYSE: CGO) ascended $1/4. The company just announced that their fourth-quarter earnings report will occur on Wed., Feb. 11, in the morning.

We'll be covering both the Cisco and Atlas Air conference calls and providing you with timely summaries.

The Boring Portfolio turned two years old on Jan. 29. It begins its third year with more than $13,000 in cash to invest in attractively priced equities of high quality companies with solid prospects for outstanding capital appreciation. We've received a welcome flood of suggestions for new Borefolio buys in the past few weeks, and we hope to announce at least one new investment soon. If you've got any last-minute ideas, please send them along.

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


TODAY'S NUMBERS
Stock  Change    Bid 
 ANDW  +1 5/8   29.13 
 CGO   +  1/4   22.75 
 BGP   +  1/8   32.38 
 CSL   +  11/16 44.94 
 CSCO  +  7/8   63.94 
 FCH   -  5/16  37.06 
 
                   Day   Month    Year  History 
         BORING   +1.00%  -2.47%  -2.47%  22.72% 
         S&P:     +2.14%   3.18%   3.18%  61.08% 
         NASDAQ:  +2.07%   5.25%   5.25%  58.78% 
  
     Rec'd   #  Security     In At       Now    Change 
   2/28/96  400 Borders Gr    11.26     32.38   187.62% 
   6/26/96  150 Cisco Syst    35.93     63.94    77.93% 
   8/13/96  200 Carlisle C    26.32     44.94    70.70% 
   1/21/98  200Andrew Corp    26.09     29.13    11.63% 
    3/5/97  150 Atlas Air     23.06     22.75    -1.34% 
   11/6/97  200 FelCor Sui    37.59     37.06    -1.40% 
     Rec'd   #  Security     In At     Value    Change 
   2/28/96  400 Borders Gr  4502.49  12950.00  $8447.51 
   1/21/98  200Andrew Corp  5218.00   5825.00   $607.00 
    3/5/97  150 Atlas Air   3458.74   3412.50   -$46.24 
  
  
   8/13/96  200 Carlisle C  5264.99   8987.50  $3722.51 
   6/26/96  150 Cisco Syst  5389.99   9590.63  $4200.64 
   11/6/97  200 FelCor Sui  7518.00   7412.50  -$105.50 
  
                              CASH  $13182.97 
                             TOTAL  $61361.10