It is the weekend, and that means that it is time to write up a review of my past stock picks.Last weekend I reviewed the stocks from the week of March 27, 2006. Moving one week ahead, let's take a look at all of the stock picks from the week of April 3, 2006. These reviews assume a buy and hold strategy. In reality, I advocate a disciplined portfolio management strategy that directs me to sell losing stocks quickly and completely and sell gaining stocks slowly and partially at targeted appreciation levels. I have discussed and shall continue to discuss these techniques throughout my blog.
But for the ease of measurement, let's find out what would have happened if we had indeed purchased equal dollar amount of each stock discussed that week about a year-and-a-half ago.
On April 4, 2006, I posted CheckFree (CKFR) on Stock Picks Bob's Advice when the stock was trading at $54.14. CKFR closed at $46.82 on September 21, 2007, for a loss of $(7.32) or (13.5)% since posting.
Since CheckFree is to be acquired at $48 in cash on December 31, 2007, subject to regulatory approval,
CHECKFREE (CKFR) IS RATED A HOLD
Looking at the 'point and figure' chart on CheckFree (CKFR) from StockCharts.com , we can see the relatively weak performance of the stock prior to the announcement of the acquisition.
On April 5, 2006, I posted Apple Computer (AAPL) on Stock Picks Bob's Advice when the stock was trading at $67.21. AAPL closed at $144.15 on September 21, 2007, for a gain of $76.94 or 114.5% since posting.
On July 25, 2007, Apple announced 3rd quarter 2007 results . Revenue came in at $5.41 billion up from $4.37 billion the prior year same period. Quarterly profit was $818 million, up sharply from last year's $472 million profit. On a per share basis this came in at $.92/diluted share up from $.54/share last year.
The company beat expectations of analysts who were expecting earnings of $.72/share on revenue of $5.29 billion.
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