Boring Portfolio Report
ANN ARBOR, MI (August 8) -- Major market averages slipped a bit on Thursday,
but the Boring Portfolio managed to generate a 0.40% gain with the help of
Cisco and Oxford Health Plans.
I won't mention that this marks the Borefolio's eighth consecutive advance
and its eleventh gain in twelve sessions, because last time I drew attention
to a similar string, the market gods smacked the Boring stocks good and hard.
Due to AOL's "event" on Wednesday, last night's Borefolio recap didn't get
posted until this morning. If you didn't get a chance to read it and want
to, please click into the "past reports" section.
Last night's recap featured a quick overview of Prime Medical's 10-Q statement,
which was filed earlier this week and is available for viewing at the SEC's
EDGAR Website -- all good news. PMSI was off a quarter (on the bid side)
today.
As noted above, OXHP continued its impressive run, picking up another $1
1/2 on Thursday. The HMO group was helped today by United Healthcare's quarterly
report. UNH managed to meet the lowered earnings expectations the company
set for itself a few weeks ago, and that appears to have satisfied traders.
Please don't ask me to make sense of this.
The big news on Cisco today was that it did not report it had acquired another
company. The stock advanced $1 3/8 on the non-news, putting it within a dollar
of establishing a new high -- although with the crummy chip book-to-bill
number that was just reported, Cisco's new high may not occur tomorrow.
Texas Industries and Borders each gained fifty cents today. Borders has announced
that its new three-level, 38,000 square-foot store in New York's World Trade
Center will open on September 3rd. Borders also just signed a lease to open
a superstore at the Gateway Center in Bowie, Maryland.
On the losing side, Green Tree slipped a quarter, and Shaw Group lost fifty
cents -- no news on either, although as noted in yesterday's Borefolio recap,
a Smith-Barney analyst moved SHAW down from "buy" to "outperform" purely
on a price basis.
(c) Copyright 1996, The Motley Fool. All rights reserved. This material is
for personal use only. Republication and redissemination, including posting
to news groups, is expressly prohibited without the prior written consent
of The Motley Fool.
Transmitted: 8/8/96
Thursday, August 8, 1996
BGP + 1/2 ...CSCO +1 3/8 ...GNT - 1/4 ...OXHP +1 1/2
...PMSI - 1/4 ...SHAW - 1/2 ...SPY - 3/32...TXI + 1/2 ...
*Scroll down or expand screen for full portfolio accounting
Day Month Year History
BORING +0.40% 7.56% 12.67% 12.67%
S&P 500 -0.23% 3.54% 6.59% 6.59%
NASDAQ -0.32% 5.28% 9.28% 9.28%
Rec'd # Security In At Now Change
2/28/96 200 Borders Gro 22.51 35.38 57.14%
4/12/96 100 The Shaw Gr 18.84 27.50 45.95%
3/8/96 400 Prime Medic 10.07 13.88 37.80%
1/29/96 100 Texas Indus 54.50 68.38 25.46%
2/2/96 200 Green Tree 30.39 36.75 20.94%
6/26/96 100 Cisco Syste 53.90 58.63 8.77%
7/23/96 100 S&P Deposit 64.15 66.44 3.57%
5/24/96 100 Oxford Heal 48.02 45.75 -4.74%
Rec'd # Security Cost Value Change
2/28/96 200 Borders Gro 4502.49 7075.00 $2572.51
3/8/96 400 Prime Medic 4027.49 5550.00 $1522.51
1/29/96 100 Texas Indus 5449.99 6837.50 $1387.51
2/2/96 200 Green Tree 6077.49 7350.00 $1272.51
4/12/96 100 The Shaw Gr 1884.16 2750.00 $865.84
6/26/96 100 Cisco Syste 5389.99 5862.50 $472.51
7/23/96 100 S&P Deposit 6414.99 6643.75 $228.76
5/24/96 100 Oxford Heal 4802.49 4575.00 -$227.49
CASH $9693.43
TOTAL $56337.18