Boring Portfolio Report
PHOENIX, Ariz., August 14 -- The market recovered somewhat today from Tuesday's
sell-off. The DJIA advanced 20 points on modest volume of 343 million shares,
while the Nasdaq rose 7.4 points (0.66%) and the S&P 500 picked up a
bit less than 2 points (0.28%).
As for the Boring Portfolio, it registered a nice 1.05% increase in net asset
value, with six holdings advancing and three declining. There was no significant
news on any Boring stocks today (other than a quick note on PMSI), so let's
just whip through a quick recap of the day's price moves and call it a wrap.
Taking today's Borefolio losers first, Shaw Group, which jumped ahead $ 1
1/8 yesterday, jumped back by the same amount today. Green Tree shed a
quarter-point, while Cisco, which issues its quarterly and FY earnings report
tomorrow, slipped $ 3/8, All in all, no big deal.
As for the session's winners, Borders Group booked a $1 1/8 gain in advance
of its quarterly earnings report tomorrow afternoon. Texas Industries continued
yesterday's upside move by cementing a quarter-point advance on Wednesday.
The Spiders crept up $ 7/32, as well.
Both Borefolio healthcare issues looked fit as a fiddle. Prime Medical Services
more than made up for yesterday's quarter-point loss by busting for a $ 3/4
gain today. Prudential initiated coverage of PMSI today, with a "buy" rating.
That can't hurt, right? Meanwhile, Oxford Health Plans, which managed a small
gain yesterday despite overall market jitters, tacked on another dollar today,
to close at a bid of $44 7/8.
That leaves our newest entry, Carlisle Companies. CSL went right to work
in earning its keep for the Boring Portfolio, gaining $1 1/8 on volume of
51,200 shares -- more than triple its average daily action. With that move,
we're already in the black with Carlisle.
By the way, CSL traded ex-dividend today, which means that anyone who bought
the stock today rather than yesterday (when the Borefolio did) will have
to wait 'til the next quarter's cycle to receive the $.245 per share dividend.
Let's see, now: 100 shares times $.245 equals a quick $24.50 that will show
up in the Borefolio account soon. Cool. That covers the broker's commission
for the stock purchase!
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Transmitted: 8/14/96
Wednesday, August 14, 1996
BGP +1 1/8
CSL +1 1/8
CSCO - 3/8
GNT - 1/4
OXHP +1
PMSI + 3/4
SHAW -1 1/8
SPY + 7/32
TXI + 1/4
*Scroll down or expand screen for full portfolio accounting
Day Month Year History
BORING +1.05% 6.95% 12.03% 12.03%
S&P 500 +0.28% 3.45% 6.51% 6.51%
NASDAQ +0.66% 4.91% 8.89% 8.89%
Rec'd # Security In At Now Change
2/28/96 200 Borders Gro 22.51 35.88 59.36%
4/12/96 100 The Shaw Gr 18.84 27.88 47.94%
3/8/96 400 Prime Medic 10.07 13.75 36.56%
2/2/96 200 Green Tree 30.39 36.38 19.70%
6/26/96 100 Cisco Syste 53.90 56.50 4.82%
7/23/96 100 S&P Deposit 64.15 66.38 3.47%
8/13/96 100 Carlisle Co 52.65 53.00 0.66%
5/24/96 100 Oxford Heal 48.02 44.88 -6.56%
1/29/96 100 Texas Indus 54.50 67.75 24.31%
Rec'd # Security Cost Value Change
2/28/96 200 Borders Gro 4502.49 7175.00 $2672.51
3/8/96 400 Prime Medic 4027.49 5500.00 $1472.51
2/2/96 200 Green Tree 6077.49 7275.00 $1197.51
4/12/96 100 The Shaw Gr 1884.16 2787.50 $903.34
6/26/96 100 Cisco Syste 5389.99 5650.00 $260.01
7/23/96 100 S&P Deposit 6414.99 6637.50 $222.51
8/13/96 100 Carlisle Co 5264.99 5300.00 $35.01
5/24/96 100 Oxford Heal 4802.49 4487.50 -$314.99
1/29/96 100 Texas Indus 5449.99 6775.00 $1325.01
CASH $4428.44
TOTAL $56015.94