Boring Portfolio Report
ANN ARBOR, MI (August 21) -- Last night's Borefolio recap noted that the
Dow had closed higher, the Nasdaq was down, and the Boring Portfolio suffered
as Cisco, Green Tree Financial, and Oxford Health Plans slipped appreciably.
To get tonight's recap, just take your computer monitor, flip it
on its head, and reopen last night's Borefolio report.
I'll wait.... La-la-la. Dum-de-dum. Hail to the victors valiant!
Hail to the con-
All done?
There. Now, for tonight's summary.
The Dow is down, the Nasdaq is up, and Cisco, Green Tree, and Oxford
helped the Borefolio achieve a small gain on the session.
G'night, everybody! Drive safe, and have a great week-end!
Oh, it's only Wednesday? And you'd like a bit more by way of summary?
Well..., there's really not a lot more to say. Volume was
moderate-to-light again today, especially among Borefolio stocks. The Nasdaq
was down nearly the entire day, moving into the plus column late in the session
on a sneaky surge in tech stocks inspired in part by a nice quarterly earnings
report from Canada-based Newbridge Networks.
That news from the North undoubtedly helped Cisco and other networking
stocks. The press release from Sprint saying that they are offering neat-o
Internet access service packages to consumers probably didn't hurt, either:
more Internet customers = more Internet = more Cisco.
I see that a new Java-inspired mutual fund was launched today, as
well. Kleiner Perkins Caufield & Byers announced the KPCB Java Fund,
which will invest in "Java technology-based companies and related Internet,
intranet, networking and communications companies." Cisco, natch, is among
the "corporate partners" of the fund.
As for Green Tree, it grew today because ... interest rates crept
a bit higher on the session? No that can't be it. Green Tree grew because,
well, because it's a solid, attractively-valued stock of a terrific, fast-growing
company, I suppose.
Same goes for Oxford. Indeed, same goes for all the Boring holdings,
in my opinion -- an opinion substantiated by a review of the latest EPS
projections provided by First Call (available on AOL at no extra charge).
All tolled, the Borefolio netted a grand total of $15.63 in today's
trading. Hot ziggies. Sounds like we've got Chinese take-out covered for
tonight. One hot-sour soup and a home-style bean curd for me, please. Oh,
and an extra pint of rice. Pass me a Tsing-Tao.
(c) Copyright 1996, The Motley Fool. All rights reserved. This material
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of The Motley Fool.
Transmitted: 8/21/96
Wednesday, August 21, 1996