Fool Portfolio Report
Thursday, May 30, 1996
Thursday, May 30, 1996 (FOOL GLOBAL WIRE)
by Selena Maranjian (MF Selena)
ALEXANDRIA, VA, May 30, 1996 -- The Fool Portfolio Report torch has been handed to me for a change, so all of a sudden I find myself struggling to come up with a brilliant concept for this recap. I don't want to squander my two minutes of fame merely noting that the Fool Portfolio took home a blue ribbon today, posting a 3.17% return, compared to 0.64% for the Nasdaq and 0.56% for the S&P 500.
So instead, let's take a moment to take note of all we have to be thankful for. (Yeah, I know -- this is sounding like a Thanksgiving Day portfolio report. But the market is closed on Thanksgiving, and even if it were open, what are the odds that MF Selena would be called on to pen that evening's report?)
As I peer around Fool Global Headquarters (oops, I mean as I stroll through endless hallway after endless hallway, past massive conference rooms with long mahogany tables sitting on marble floors. . .yeah, right ), it occurs to me that we should be thankful for electricity. Just think -- without it, all our computers might, a la Flintstones, be hooked up to a bunch of squirrels on a treadmill. Or maybe, representing the Dow Dividend Approach in our Fool Portfolio, would be shares of General Coal or General Wind, instead of General Electric (which rose $3/4 to $83 today, up 43.31% since we bought it in August).
Today has been a beautiful sunny day here in Alexandria, and the sight of MF Fletch's feet hanging out his window reminds me to be thankful for sunshine. We Fools try not to lose sight of all that is just as or more important than investing, and for MF Fletch, it appears that a personal goal is the golden pair of Birkenstocks awarded at the Mr. Tannest Feet competition.
On a lovely day like today, as I stroll down the street, exhaust from passing cars reminds me to be thankful for the oil industry, and more specifically for Dow Dividend holding Chevron, which gushed up $3/4 to $60 3/8 today and has returned 23.21% since August. (An aside: Newcomers to Fooldom should discover how much they could have to be thankful for in the Dow Dividend Approach, which offers relatively low-risk 20% returns on average per year and is detailed in our "Getting Started Investing" area.)
I'm also thankful for generosity, evident in Fooldom in our message boards, where myriad Motley Fools from all over the globe give freely of their knowledge and experience, enlightening and enriching each other. Sure, there are some ignoble posters here and there, and poster impostors, too. But the majority of messages are from people both new to investing or experienced at it, who share values they've calculated for companies, talks they've had with corporate executives, and experiences they've had with products.
One message folder which pioneered this marvelous spirit of cooperation is the one for Iomega. (Iomega was up $2 1/2, closing at $45 1/2 today, by the way, continuing its rebound back toward all-time-highs.) Incredibly, Iomega now has its 83rd folder open. We're pleased to announce that on Monday, roughly 96 hours from the time of this writing, we will launch a new product, "IOMG in Fooldom Today". Each weekday, this exciting new offering will summarize the developments in the folder, providing some commentary and excerpting from the most compelling or noteworthy recent posts. And in case this isn't enough good news, we're also happy to announce that we'll be offering free trial subscriptions to it -- free for at least the first few weeks of the product. (If you're interested, sign up through MFSelena@aol.com).
Getting back to thankfulness, we can also be grateful for pimples. That's right. And age spots. Naturally, it's easy to be thankful for complexions without them. But as shareholders in dermatological pharmaceutical company Medicis, we can also find some joy in the fact that for those who suffer from motley skin, relief is available in the form of Dynacin, Theramycin, Esoterica, and Triaz -- sales of which enhance our investment. (Medicis ended the day unchanged at $33, up 18.45% since we bought it four months ago.)
A trip to any mall can make you thankful for the Gap. From my limited shopping experience, I have come to the conclusion that in almost any other store, I am hard-pressed to find a plain white shirt without gold buttons or embroidery, or simple black pants. I am grateful for the Gap -- for its spacious dressing rooms, bigger than some dormitory rooms I've seen; for its $3/4 to $32 3/4 rise today; and for the 101.23% it has appreciated in its 13-month stay in our portfolio.
There's just so much to be thankful for. Instead of living in the fourth-world country of Lower Plongonia, eking out a meager living sweeping streets, here we are, hooked into an exciting, emerging Digital World. For that, let us give thanks. And for loquats. For penguins, and for baobab trees. For great books and close friends. And for Foolishness. For its credo of informing, amusing and financially enriching. For its integrity and belief in accountability. For its positive spirit and friendliness. And for the chuckles it provides, too.
Fooldom has certainly taught me a lot more about investing than I learned at business school, and heck -- it's even keeping me off the streets with a job. For many of us, Fooldom has enriched our nest egg, or has revealed the road to growing one. If you ask me, Fooldom is already pretty great. And who knows what new levels of greatness we can reach together in the future. And if you vote for me, I promise... (whoops! got carried away there!)
That's all she wrote!
Stop the presses! This just in from David Gardner -- an addendum to his last portfolio report:
Regarding my list yesterday of financial journalists I love, I inevitably forgot several. It's hard to think of EVERYBODY right off when you're composing a Fool Portfolio recap on deadline off the top of your Foolish head. I have to mention one in particular. Thanks to one of our World Wide Web readers, I was reminded of Mark Hulbert, whose Hulbert Financial Digest has done an outstanding long-term job of bringing much-needed accountability to the financial newsletter industry. I have never met Mark, who happens to live only a few blocks away in Old Town Alexandria, VA, but we've admired his work from afar. He saw a need, took the initiative, and has filled it, puncturing many a blustery marketing campaign ever since... to say nothing of helping steer individual investors like you and me AWAY from the bad stuff and toward the good stuff. (One thing you learn, if you follow the Hulbert Financial Digest, is just how infrequent the good stuff really is.) Thanks, Mark.
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Day Month Year History
FOOL +3.17% 20.75% 102.85% 278.76%
S&P 500 +0.56% 2.68% 9.05% 46.53%
NASDAQ +0.64% 3.61% 17.24% 71.27%
*Scroll down or expand screen for full portfolio accounting
AMER + 5/8 ...CHV + 3/4 ...GE + 3/4 ...GPS + 3/4 ... IOMG +2 1/2 ...KLAC + 1/4 ...MDRX ---...S - 1/4 ...
Rec'd # Security In At Now Change
5/17/95 2010 Iomega Cor 2.52 45.50 1706.29%
8/5/94 680 AmOnline 7.27 54.13 644.20%
4/20/95 310 The Gap 16.28 32.75 101.23%
8/5/94 165 Sears 28.93 50.88 75.88%
8/11/95 95 GenElec 57.91 83.00 43.31%
8/11/95 110 Chevron 49.00 60.38 23.21%
1/29/96 250 Medicis Ph 27.86 33.00 18.45%
8/24/95 130 KLA Instrm 44.71 25.88 -42.13%
Rec'd # Security Cost Value Change
5/17/95 2010 Iomega Cor 5063.13 91455.00 $86391.87
8/5/94 680 AmOnline 4945.56 36805.00 $31859.44
4/20/95 310 The Gap 5045.25 10152.50 $5107.25
8/5/94 165 Sears 4772.65 8394.38 $3621.73
8/11/95 95 GenElec 5501.87 7885.00 $2383.13
1/29/96 250 Medicis Ph 6964.99 8250.00 $1285.01
8/11/95 110 Chevron 5389.99 6641.25 $1251.26
8/24/95 130 KLA Instrm 5812.49 3363.75 -$2448.74