Fool Portfolio Report
Thursday, January 25, 1996
With the Fools in Los Angeles, on their way to Seattle, tonight features MF Bogey's thoughts on the Fool Portfolio. If you'd like to catch the Gardners on their book tour, you can check the times and locations of their signings at the FOOL BOOK TOUR page.
Now without further ado, on with the show!
by MF Bogey (David Forrest)
--(Cranston, RI, Jan. 25)-- ......zzzzzzzzzz..... zzzzzzzz Hmmm?? Whhaat? Oh, sorry. Caught me napping!! After looking over the news wires today, it occurred to me that there simply wasn't any news today on our stocks. So, I kind of dozed off there ;)
The Fool beat up on all of the major averages today and scaled the 90% wall, again. Four of the eight Motley Steeds went up today, and four headed south. A fifty-fifty day right?
Flat? Nope. As it turns out, our best stocks America Online, up $1 3/8, and Iomega, up $4, led us to another market beating day. The Fool Port weighed in up 1.90% today when most of the other averages lost ground. Ahh, the power of letting your winners run.
Obviously, the biggest story in Fooldom today is Iomega (IOMG). Everyone knows that this manufacturer of midsize removable storage devices reported earnings of $0.47 yesterday versus $0.07 last year. What was the best thing about IOMG today? That they had such a great quarter? Nope. That they rose $4? Nope. <---(Yeah, right!)
The best thing about IOMG came in the conference call yesterday. On at least two separate occasions, CEO Kim Edwards acknowledged and thanked the people of the Motley Fool for their ongoing support and their efforts to bring Iomega into the forefront of consumer's awareness.
It's a testament to all the fine work that has been done by the contributors to that board. A well deserved testament. And, the only reason the Fool Port is up so much on IOMG is because we listened to you, our readers. Thank you. Amazing thing, this online world.
On to other matters.....
Actually, there are no other matters! The Gap was mentioned in the Wall Street this morning in a story on the retail malaise. No biggie. It closed down $1 to $44 1/4. Our semiconductor stocks, AMAT and KLAC were both off at least a buck. Sears sold off a bit to $39 1/4 and our other two BTD stocks, GE and CHV bucked the general market trend and added to the pot.
A wild, wild couple of weeks for sure here in Folly. And, as exciting as the short-term movements may be, after seeing IOMG's report and hearing the conference call, it occurs to this Fool that the real money will be made by those who watch the calendar and not the clock. Where will IOMG, the market leader for removable storage be in a year? You make the call, Fool : )
AMER +1 1/2 AMAT -1 1/8 CHV + 1/2 GE +1 GPS -1 IOMG +3 3/8 KLAC -1 S - 5/8
Day Month Year History FOOL +1.90% 3.29% 3.29% 92.87% S&P 500 -0.19% 0.47% 0.47% 34.99% NASDAQ -0.15% -0.98% -0.98% 44.67% Rec'd # Security In At Now Change 8/5/94 680 AmOnline 7.27 39.63 444.83% 5/17/95 335 Iomega Corp 15.11 50.00 230.82% 4/20/95 155 The Gap 32.55 44.25 35.94% 8/5/94 165 Sears 28.93 39.25 35.70% 8/11/95 95 GenElec 57.91 74.75 29.07% 8/11/95 110 Chevron 49.00 52.38 6.89% 8/24/95 100 AppldMatl 57.52 37.63 -34.59% 8/24/95 130 KLA Instrm 44.71 28.25 -36.82% Rec'd # Security Cost Value Change 8/5/94 680 AmOnline 4945.56 26945.00 $21999.44 5/17/95 335 Iomega Corp 5063.13 16750.00 $11686.87 4/20/95 155 The Gap 5045.25 6858.75 $1813.50 8/5/94 165 Sears 4772.65 6476.25 $1703.60 8/11/95 95 GenElec 5501.87 7101.25 $1599.38 8/11/95 110 Chevron 5389.99 5761.25 $371.26 8/24/95 100 AppldMatl 5752.49 3762.50 -$1989.99 8/24/95130 KLA Instrm 5812.49 3672.50 -$2139.99 CASH $19109.62 TOTAL $96437.12