ModernGraham.com - Intelligent Investors Following the Footsteps of Benjamin Graham

Review of Defensive High ROIC Portfolio

This portfolio is made up of the 15 defensive stocks that are trading at the highest Return On Investment Capital (ROIC). The first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list. Every week we examine the portfolio's performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends. The list of defensive stocks is made by following modernized Benjamin Graham strategies, and ROIC is calculated with a formula based on Warren Buffett's definition of Owner Earnings and Contributed Capital.

We have decided to provide our list of Defensive High ROIC companies on a weekly basis. The portfolio will continue to be rebalanced once a month, but the list itself will be provided every week.

Here is this week's list of Defensive High ROIC companies:

PIXR	PIXAR
RCII	RENT-A-CENTER, INC.
DEBS	DEB SHOPS, INC
DLX	DELUXE CORPORATION
HRB	H&R BLOCK INC
PCU	SOUTHERN COPPER CORP
NUE	NUCOR CORPORATION
RYL	RYLAND GROUP, INC
KCP	COLE (KENNETH) PRODUCTS
MDC	M.D.C. HOLDINGS INC
LIFE	LIFELINE SYSTEMS INC.
LEN	LENNAR CORP
OSG	OVERSEAS SHIPHOLDING
EXPO	EXPONENT, INC
LIZ	LIZ CLAIBORNE, INC

There were a number of transactions this week because we updated our formulas.

The portfolio has outperformed both the DJIA and S&P 500 indexes during this period, and has very significantly outperformed them overall.

The current value is calculated using prices near close from Thursday.

The snapshot:

Ticker	Total Cost	Current Value	% Gain/Loss
DEBS	$8,040.00	$8,031.00	-0.11%
DLX	$7,948.80	$7,939.20	-0.12%
EXPO	$8,030.10	$8,021.40	-0.11%
HRB	$8,027.40	$8,017.20	-0.13%
KCP	$7,995.90	$7,986.00	-0.12%
LEN	$6,510.59	$7,691.81	18.14%
LIFE	$7,887.00	$7,877.10	-0.13%
LIZ	$7,601.90	$8,424.60	10.82%
MDC	$7,406.29	$9,616.06	29.84%
NUE	$7,884.00	$7,874.55	-0.12%
OSG	$8,039.25	$8,029.80	-0.12%
PCU	$8,101.80	$8,092.00	-0.12%
PIXR	$8,132.40	$8,122.80	-0.12%
RCII	$8,063.00	$8,052.00	-0.14%
RYL	$6,454.10	$8,687.28	34.60%
Cash		$50.92
Realized		$16,177.10

Total	$100,000.00	$122,513.72	22.51%

Performance:

	Last Week	This week	Change	Overall
S&P	1389.08	1425.49	2.62%	12.08%
Dow	12163.66	12416.76	2.08%	11.62%
Portfolio	117071.05	122513.72	4.65%	22.51%

Neither of us holds a position in any of these stocks. Please review our disclaimer and Our Methods.

Posted by Ben at 03:45 PM | Permalink | Comments (1) | TrackBacks (0)

Review of Defensive High ROIC Portfolio

This portfolio is made up of the 15 defensive stocks that are trading at the highest Return On Investment Capital (ROIC). The first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list. Every week we examine the portfolio's performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends. The list of defensive stocks is made by following modernized Benjamin Graham strategies, and ROIC is calculated with a formula based on Warren Buffett's definition of Owner Earnings and Contributed Capital.

We have decided to provide our list of Defensive High ROIC companies on a weekly basis. The portfolio will continue to be rebalanced once a month, but the list itself will be provided every week.

Here is this week's list of Defensive High ROIC companies:

RYL	RYLAND GROUP, INC
MDC	M.D.C. HOLDINGS, INC
LEN	LENNAR CORP
LIZ	LIZ CLAIBORNE, INC.
CAE	CASCADE CORPORATION
TOL	TOLL BROTHERS, INC.
BN	BANTA CORP
WEYS	WEYCO GROUP, INC.
PHM	PULTE HOMES, INC.
FL	FOOT LOCKER, INC
KBH	KB HOME
DHI	D.R. HORTON, INC.
RS	RELIANCE STEEL
JNY	JONES APPAREL GROUP
MAS	MASCO CORP

There were no transactions this week.

The portfolio outperformed both the DJIA and S&P 500 indexes this week, and has very significantly outperformed them overall.

The current value is calculated using prices near close from Thursday.

The snapshot:

Ticker	Total Cost	Current Value	% Gain/Loss
BN	$6,450.00	$6,365.80	-1.31%
CAE	$6,470.20	$9,405.00	45.36%
DHI	$6,527.35	$7,717.50	18.23%
FL	$6,490.00	$6,477.30	-0.20%
JNY	$6,544.00	$7,130.20	8.96%
KBH	$6,577.35	$7,176.50	9.11%
LEN	$6,436.95	$7,024.74	9.13%
LIZ	$7,602.40	$7,742.50	1.84%
MAS	$6,854.20	$7,293.00	6.40%
MDC	$7,363.00	$8,862.10	20.36%
PHM	$6,460.00	$7,021.90	8.70%
RS	$6,870.65	$7,503.50	9.21%
RYL	$6,435.60	$7,625.60	18.49%
TOL	$6,478.80	$7,930.00	22.40%
WEYS	$6,543.10	$7,929.46	21.19%
Cash		$3,865.95
Realized		$4,048.10

Total	$100,000.00	$117,071.05	17.07%

Performance:

	Last Week	This week	Change	Overall
S&P	1366.96	1389.08	1.62%	9.22%
Dow	12011.73	12163.66	1.26%	9.34%
Portfolio	114562.52	117071.05	2.19%	17.07%

Neither of us holds a position in any of these stocks. Please review our disclaimer and Our Methods.

Posted by Ben at 03:34 PM | Permalink | Comments (1) | TrackBacks (0)

Review of Defensive High ROIC Portfolio

This portfolio is made up of the 15 defensive stocks that are trading at the highest Return On Investment Capital (ROIC). The first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list. Every week we examine the portfolio's performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends. The list of defensive stocks is made by following modernized Benjamin Graham strategies, and ROIC is calculated with a formula based on Warren Buffett's definition of Owner Earnings and Contributed Capital.

We have decided to provide our list of Defensive High ROIC companies on a weekly basis. The portfolio will continue to be rebalanced once a month, but the list itself will be provided every week.

Here is this week's list of Defensive High ROIC companies:

RYL	RYLAND GROUP, INC
MDC	M.D.C. HOLDINGS, INC
LEN	LENNAR CORP
LIZ	LIZ CLAIBORNE, INC.
CAE	CASCADE CORPORATION
TOL	TOLL BROTHERS, INC.
BN	BANTA CORP
WEYS	WEYCO GROUP, INC.
PHM	PULTE HOMES, INC.
FL	FOOT LOCKER, INC
KBH	KB HOME
DHI	D.R. HORTON, INC.
RS	RELIANCE STEEL
JNY	JONES APPAREL GROUP
MAS	MASCO CORP

There were no transactions this week.

The portfolio underperformed both the DJIA and S&P 500 indexes this week, but has very significantly outperformed them overall.

The current value is calculated using prices near close from Thursday.

The snapshot:

Ticker	Total Cost	Current Value	% Gain/Loss
BN	$6,450.00	$6,468.00	0.28%
CAE	$6,470.20	$9,376.20	44.91%
DHI	$6,527.35	$7,396.20	13.31%
FL	$6,490.00	$6,264.00	-3.48%
JNY	$6,544.00	$7,257.80	10.91%
KBH	$6,577.35	$6,793.65	3.29%
LEN	$6,436.95	$6,704.57	4.16%
LIZ	$7,602.40	$7,786.20	2.42%
MAS	$6,854.20	$7,119.60	3.87%
MDC	$7,363.00	$8,367.40	13.64%
PHM	$6,460.00	$6,867.10	6.30%
RS	$6,870.65	$7,651.85	11.37%
RYL	$6,435.60	$7,267.20	12.92%
TOL	$6,478.80	$7,646.60	18.02%
WEYS	$6,543.10	$7,730.20	18.14%
Cash		$3,865.95
Realized		$4,048.10

Total	$100,000.00	$114,562.52	14.56%

Performance:

	Last Week	This week	Change	Overall
S&P	1362.83	1366.96	0.30%	7.48%
Dow	11947.7	12011.73	0.54%	7.98%
Portfolio	117030.77	114562.52	-2.11%	14.56%

Neither of us holds a position in any of these stocks. Please review our disclaimer and Our Methods.

Posted by Ben at 11:00 AM | Permalink | Comments (0) | TrackBacks (0)

Review of Defensive High ROIC Portfolio

This portfolio is made up of the 15 defensive stocks that are trading at the highest Return On Investment Capital (ROIC). The first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list. Every week we examine the portfolio's performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends. The list of defensive stocks is made by following modernized Benjamin Graham strategies, and ROIC is calculated with a formula based on Warren Buffett's definition of Owner Earnings and Contributed Capital.

We have decided to provide our list of Defensive High ROIC companies on a weekly basis. The portfolio will continue to be rebalanced once a month, but the list itself will be provided every week.

Here is this week's list of Defensive High ROIC companies:

RYL	RYLAND GROUP, INC
MDC	M.D.C. HOLDINGS, INC
LEN	LENNAR CORP
LIZ	LIZ CLAIBORNE, INC.
CAE	CASCADE CORPORATION
TOL	TOLL BROTHERS, INC.
BN	BANTA CORP
WEYS	WEYCO GROUP, INC.
PHM	PULTE HOMES, INC.
FL	FOOT LOCKER, INC
KBH	KB HOME
DHI	D.R. HORTON, INC.
RS	RELIANCE STEEL
JNY	JONES APPAREL GROUP
MAS	MASCO CORP

There were no transactions this week.

The portfolio outperformed both the DJIA and S&P 500 indexes this week, and has very significantly outperformed them overall.

The current value is calculated using prices near close from Thursday.

The snapshot:

Ticker	Total Cost	Current Value	% Gain/Loss
BN	$6,450.00	$6,529.60	1.23%
CAE	$6,470.20	$9,180.00	41.88%
DHI	$6,527.35	$7,812.00	19.68%
FL	$6,490.00	$6,655.50	2.55%
JNY	$6,544.00	$7,290.80	11.41%
KBH	$6,577.35	$7,351.65	11.77%
LEN	$6,436.95	$6,944.69	7.89%
LIZ	$7,602.40	$7,725.40	1.62%
MAS	$6,854.20	$7,040.55	2.72%
MDC	$7,363.00	$8,778.80	19.23%
PHM	$6,460.00	$7,387.40	14.36%
RS	$6,870.65	$7,361.60	7.15%
RYL	$6,435.60	$7,510.40	16.70%
TOL	$6,478.80	$8,005.40	23.56%
WEYS	$6,543.10	$7,591.03	16.02%
Cash		$3,865.95
Realized		$4,048.10

Total	$100,000.00	$117,030.77	17.03%

Performance:

	Last Week	This week	Change	Overall
S&P	1353.22	1362.83	0.71%	7.16%
Dow	11866.69	11947.7	0.68%	7.40%
Portfolio	112635.15	117030.77	3.90%	17.03%

Neither of us holds a position in any of these stocks. Please review our disclaimer and Our Methods.

Posted by Ben at 09:30 AM | Permalink | Comments (0) | TrackBacks (0)

Review of Defensive High ROIC Portfolio

This portfolio is made up of the 15 defensive stocks that are trading at the highest Return On Investment Capital (ROIC). The first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list. Every week we examine the portfolio's performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends. The list of defensive stocks is made by following modernized Benjamin Graham strategies, and ROIC is calculated with a formula based on Warren Buffett's definition of Owner Earnings and Contributed Capital.

We have decided to provide our list of Defensive High ROIC companies on a weekly basis. The portfolio will continue to be rebalanced once a month, but the list itself will be provided every week.

Here is this week's list of Defensive High ROIC companies:

RYL	RYLAND GROUP, INC
MDC	M.D.C. HOLDINGS, INC
LEN	LENNAR CORP
LIZ	LIZ CLAIBORNE, INC.
CAE	CASCADE CORPORATION
TOL	TOLL BROTHERS, INC.
BN	BANTA CORP
WEYS	WEYCO GROUP, INC.
PHM	PULTE HOMES, INC.
FL	FOOT LOCKER, INC
KBH	KB HOME
DHI	D.R. HORTON, INC.
RS	RELIANCE STEEL
JNY	JONES APPAREL GROUP
MAS	MASCO CORP

There were two transactions this week as we rebalanced the portfolio. First, there was a $0.09 dividend on WEYS which was reinvested at $21.93. Then we sold Talbots Inc (TLB) for $8747.00 at a gain of about 29.25%. Finally, we purchased Liz Claiborne Inc. (LIZ) for $7602.40.

The portfolio underperformed both the DJIA and S&P 500 indexes this week, but has very significantly outperformed them overall.

The current value is calculated using prices near close from Thursday.

The snapshot:

Ticker	Total Cost	Current Value	% Gain/Loss
BN	$6,450.00	$6,734.00	4.40%
CAE	$6,470.20	$8,503.20	31.42%
DHI	$6,527.35	$7,515.90	15.14%
FL	$6,490.00	$6,858.00	5.67%
JNY	$6,544.00	$7,090.60	8.35%
KBH	$6,577.35	$6,790.55	3.24%
LEN	$6,436.95	$6,641.99	3.19%
LIZ	$7,602.40	$7,592.40	-0.13%
MAS	$6,854.20	$7,038.00	2.68%
MDC	$7,363.00	$8,268.80	12.30%
PHM	$6,460.00	$6,897.20	6.77%
RS	$6,870.65	$7,071.35	2.92%
RYL	$6,435.60	$6,969.60	8.30%
TOL	$6,478.80	$7,443.80	14.89%
WEYS	$6,543.10	$7,353.81	12.39%
Cash		$3,865.95
Realized		$4,048.10

Total	$100,000.00	$112,635.15	12.64%

Performance:

	Last Week	This week	Change	Overall
S&P	1339.15	1353.22	1.05%	6.40%
Dow	11718.45	11866.69	1.27%	6.67%
Portfolio	112309.47	112635.15	0.29%	12.64%

Neither of us holds a position in any of these stocks. Please review our disclaimer and Our Methods.

Posted by Ben at 03:00 PM | Permalink | Comments (0) | TrackBacks (0)

Review of Defensive High ROIC Portfolio

This portfolio is made up of the 15 defensive stocks that are trading at the highest Return On Investment Capital (ROIC). The first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list. Every week we examine the portfolio's performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends. The list of defensive stocks is made by following modernized Benjamin Graham strategies, and ROIC is calculated with a formula based on Warren Buffett's definition of Owner Earnings and Contributed Capital.

We have decided to provide our list of Defensive High ROIC companies on a weekly basis. The portfolio will continue to be rebalanced once a month, but the list itself will be provided every week.

Here is this week's list of Defensive High ROIC companies:

RYL	RYLAND GROUP, INC
MDC	M.D.C. HOLDINGS, INC
LEN	LENNAR CORP
LIZ	LIZ CLAIBORNE, INC.
CAE	CASCADE CORPORATION
TOL	TOLL BROTHERS, INC.
BN	BANTA CORP
WEYS	WEYCO GROUP, INC.
PHM	PULTE HOMES, INC.
FL	FOOT LOCKER, INC
KBH	KB HOME
DHI	D.R. HORTON, INC.
RS	RELIANCE STEEL
JNY	JONES APPAREL GROUP
MAS	MASCO CORP

There were no transactions this week. Next week we will rebalance the portfolio.

The portfolio outperformed both the DJIA and S&P 500 indexes this week, and has very significantly outperformed them overall.

The current value is calculated using prices near close from Thursday.

The snapshot:

Ticker	Total Cost	Current Value	% Gain/Loss
BN	$6,450.00	$6,678.00	3.53%
CAE	$6,470.20	$8,413.20	30.03%
DHI	$6,527.35	$7,749.00	18.72%
FL	$6,490.00	$6,596.10	1.63%
JNY	$6,544.00	$7,194.00	9.93%
KBH	$6,577.35	$6,996.70	6.38%
LEN	$6,436.95	$6,662.37	3.50%
MAS	$6,854.20	$7,063.50	3.05%
MDC	$7,363.00	$8,042.70	9.23%
PHM	$6,460.00	$7,062.75	9.33%
RS	$6,870.65	$6,914.40	0.64%
RYL	$6,435.60	$7,088.00	10.14%
TLB	$6,773.05	$8,552.25	26.27%
TOL	$6,478.80	$7,415.20	14.45%
WEYS	$6,543.10	$7,159.95	9.43%
Cash		$2,721.35

Total	$100,000.00	$112,309.47	12.31%

Performance:

	Last Week	This week	Change	Overall
S&P	1311.31	1339.15	2.12%	5.29%
Dow	11489.29	11718.45	1.99%	5.34%
Portfolio	108279.80	112309.47	3.72%	12.31%

Neither of us holds a position in any of these stocks. Please review our disclaimer and Our Methods.

Posted by Ben at 01:45 PM | Permalink | Comments (0) | TrackBacks (0)

Review of Defensive High ROIC Portfolio

This portfolio is made up of the 15 defensive stocks that are trading at the highest Return On Investment Capital (ROIC). The first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list. Every week we examine the portfolio's performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends. The list of defensive stocks is made by following modernized Benjamin Graham strategies, and ROIC is calculated with a formula based on Warren Buffett's definition of Owner Earnings and Contributed Capital.

There were no transactions this week.

The portfolio outperformed both the DJIA and S&P 500 indexes this week, and has significantly outperformed them overall.

The current value is calculated using prices near close from Thursday.

The snapshot:

Ticker	Total Cost	Current Value	% Gain/Loss
BN	$6,450.00	$6,690.60	3.73%
CAE	$6,470.20	$8,173.80	26.33%
DHI	$6,527.35	$7,292.25	11.72%
FL	$6,490.00	$6,242.40	-3.82%
JNY	$6,544.00	$7,117.00	8.76%
KBH	$6,577.35	$6,750.25	2.63%
LEN	$6,436.95	$6,589.60	2.37%
MAS	$6,854.20	$6,673.35	-2.64%
MDC	$7,363.00	$7,592.20	3.11%
PHM	$6,460.00	$6,609.10	2.31%
RS	$6,870.65	$6,516.65	-5.15%
RYL	$6,435.60	$6,940.80	7.85%
TLB	$6,773.05	$8,297.10	22.50%
TOL	$6,478.80	$7,077.23	9.24%
WEYS	$6,543.10	$6,996.12	6.92%
Cash		$2,721.35

Total	$100,000.00	$108,279.80	8.28%

Performance:

	Last Week	This week	Change	Overall
S&P	1316.28	1311.31	-0.38%	3.11%
Dow	11527.39	11489.29	-0.33%	3.28%
Portfolio	108333.70	108279.80	-0.05%	8.28%

Neither of us holds a position in any of these stocks. Please review our disclaimer and Our Methods.

Posted by Ben at 02:26 PM | Permalink | Comments (0) | TrackBacks (0)

Review of Defensive High ROIC Portfolio

This portfolio is made up of the 15 defensive stocks that are trading at the highest Return On Investment Capital (ROIC). The first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list. Every week we examine the portfolio's performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends. The list of defensive stocks is made by following modernized Benjamin Graham strategies, and ROIC is calculated with a formula based on Warren Buffett's definition of Owner Earnings and Contributed Capital.

There were no transactions this week. Last week we rebalanced the portfolio and made some transactions.

The portfolio outperformed both the DJIA and S&P 500 indexes this week, and has significantly outperformed them overall.

The current value is calculated using prices near close from Thursday.

The snapshot:

Ticker	Total Cost	Current Value	% Gain/Loss
BN	$6,450.00	$6,510.00	0.93%
CAE	$6,470.20	$8,067.60	24.69%
DHI	$6,527.35	$7,556.85	15.77%
FL	$6,490.00	$6,399.00	-1.40%
JNY	$6,544.00	$7,185.20	9.80%
KBH	$6,577.35	$6,851.00	4.16%
LEN	$6,436.95	$6,589.60	2.37%
MAS	$6,854.20	$7,160.40	4.47%
MDC	$7,363.00	$7,541.20	2.42%
PHM	$6,460.00	$6,723.05	4.07%
RS	$6,870.65	$6,604.80	-3.87%
RYL	$6,435.60	$7,094.40	10.24%
TLB	$6,773.05	$7,411.95	9.43%
TOL	$6,478.80	$7,144.80	10.28%
WEYS	$6,543.10	$6,772.50	3.51%
Cash		$2,721.35

Total	$100,000.00	$108,333.70	8.33%

Performance:

	Last Week	This week	Change	Overall
S&P	1294.02	1316.28	1.72%	3.50%
Dow	11331.44	11527.39	1.73%	3.62%
Portfolio	101957.7	108333.7	6.25%	8.33%

Neither of us holds a position in any of these stocks. Please review our disclaimer and Our Methods.

Posted by Ben at 01:00 PM | Permalink | Comments (0) | TrackBacks (0)

Rebalance & Review of Defensive High ROIC Portfolio

This week we performed our monthly rebalancing.

This portfolio is made up of the 15 defensive stocks that are trading at the highest Return On Investment Capital (ROIC). The first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list. Every week we examine the portfolio's performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends. The list of defensive stocks is made by following modernized Benjamin Graham strategies, and ROIC is calculated with a formula based on Warren Buffett's definition of Owner Earnings and Contributed Capital.

This week we sold Briggs & Stratton Corp (BGG) at $26.98 for $7,139.70, a gain of 9.4%. We sold Lancaster Colony Corp (LANC) at $43.16 for $7,327.20, a gain of 12.4%. We sold Stride Rite Corp (SRR) at $13.68 for $7,103.60, a gain of 9.3%.

We bought Reliance Steel & Aluminum Co (RS) at $31.91 for $6,870.65, Masco Corp (MAS) at $26.84 for $6,854.20, and Talbots Inc (TLB) at $21.47 for $6,773.05.

Finally, we reviewed the portfolio for any positions that had fallen below 6% of the entire portfolio. We discovered that M.D.C. Holdings Inc. had fallen to 5.9% of the portfolio, so we upped our holding in that company by purchasing an additional 20 shares at $40.45. This rebalanced the portfolio among all 15 stocks on our list.

The portfolio underperformed both the DJIA and S&P 500 indexes this week, but has slightly outperformed them overall.

The current value is calculated using prices near close from Thursday.

The snapshot:

Ticker	Total Cost	Current Value	% Gain/Loss
BN	$6,450.00	$6,595.40	2.25%
CAE	$6,470.20	$6,859.80	6.02%
DHI	$6,527.35	$6,681.15	2.36%
FL	$6,490.00	$6,485.40	-0.07%
JNY	$6,544.00	$6,804.60	3.98%
KBH	$6,577.35	$6,262.00	-4.79%
LEN	$6,436.95	$6,294.17	-2.22%
MAS	$6,854.20	$6,844.20	-0.15%
MDC	$7,363.00	$6,876.50	-6.61%
PHM	$6,460.00	$6,194.15	-4.12%
RS	$6,870.65	$6,860.65	-0.15%
RYL	$6,435.60	$6,526.40	1.41%
TLB	$6,773.05	$6,763.05	-0.15%
TOL	$6,478.80	$6,731.40	3.90%
WEYS	$6,543.10	$6,457.50	-1.31%
Cash		$2,721.35

Total	$100,000.00	$101,957.72	1.96%

Performance:

	Last Week	This week	Change	Overall
S&P	1303.82	1294.02	-0.75%	1.75%
Dow	11381.15	11331.44	-0.44%	1.86%
Portfolio	104655.6	101957.7	-2.58%	1.96%

Neither of us holds a position in any of these stocks. Please review our disclaimer and Our Methods.

Posted by Ben at 02:45 PM | Permalink | Comments (0) | TrackBacks (0)

Review of Defensive High ROIC Portfolio

This portfolio is made up of the 15 defensive stocks that are trading at the highest Return On Investment Capital (ROIC). The first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list. Every week we examine the portfolio's performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends. The list of defensive stocks is made by following modernized Benjamin Graham strategies, and ROIC is calculated with a formula based on Warren Buffett's definition of Owner Earnings and Contributed Capital.

There were no transactions this week. Next week we will review the list for any changes and make any necessary transactions.

The portfolio outperformed both the DJIA and S&P 500 indexes this week, and has significantly outperformed them overall.

The current value is calculated using prices near close from Thursday.

The snapshot:

Ticker	Total Cost	Current Value	% Gain/Loss
BGG	$6,529.00	$7,467.70	14.38%
BN	$6,450.00	$6,587.00	2.12%
CAE	$6,470.20	$6,840.00	5.72%
DHI	$6,527.35	$6,898.50	5.69%
FL	$6,490.00	$6,507.00	0.26%
JNY	$6,544.00	$6,886.00	5.23%
KBH	$6,577.35	$6,627.80	0.77%
LANC	$6,519.30	$7,503.80	15.10%
LEN	$6,436.95	$6,519.75	1.29%
MDC	$6,544.00	$6,418.50	-1.92%
PHM	$6,460.00	$6,379.05	-1.25%
RYL	$6,435.60	$6,827.20	6.08%
SRR	$6,499.60	$7,150.00	10.01%
TOL	$6,478.80	$6,869.20	6.03%
WEYS	$6,543.10	$6,706.35	2.49%
Cash		$2,467.75

Total	$100,000.00	$104,655.60	4.66%

Performance:

	Last Week	This week	Change	Overall
S&P	1296.06	1303.82	0.60%	2.52%
Dow	11304.46	11381.15	0.68%	2.31%
Portfolio	102203.4	104655.6	2.40%	4.66%

Neither of us holds a position in any of these stocks. Please review our disclaimer and Our Methods.

Posted by Ben at 12:00 PM | Permalink | Comments (0) | TrackBacks (0)

Review of Defensive High ROIC Portfolio

This portfolio is made up of the 15 defensive stocks that are trading at the highest Return On Investment Capital (ROIC). The first week of each month we will review the list, and make any trades necessary to get the portfolio to match the list. Every week we examine the portfolio's performance against the S&P 500 and Dow Jones Industrial Average, and reinvest any dividends. The list of defensive stocks is made by following modernized Benjamin Graham strategies, and ROIC is calculated with a formula based on Warren Buffett's definition of Owner Earnings and Contributed Capital.

There were no dividends this week.

The portfolio underperformed both indexes this week, but has still outperformed them overall.

The current value is calculated using prices near close from Thursday.

The snapshot:

Ticker	Total Cost	Current Value	% Gain/Loss
BGG	$6,529.00	$7,261.00	11.21%
BN	$6,450.00	$6,475.00	0.39%
CAE	$6,470.20	$6,595.20	1.93%
DHI	$6,527.35	$6,741.00	3.27%
FL	$6,490.00	$6,353.10	-2.11%
JNY	$6,544.00	$6,685.80	2.17%
KBH	$6,577.35	$6,386.00	-2.91%
LANC	$6,519.30	$7,520.80	15.36%
LEN	$6,436.95	$6,525.57	1.38%
MDC	$6,544.00	$6,379.50	-2.51%
PHM	$6,460.00	$6,305.95	-2.38%
RYL	$6,435.60	$6,788.80	5.49%
SRR	$6,499.60	$6,791.20	4.49%
TOL	$6,478.80	$6,606.60	1.97%
WEYS	$6,543.10	$6,320.16	-3.41%
Cash		$2,467.75

Total	$100,000.00	$102,203.43	2.20%

Performance:

	Last Week	This week	Change	Overall
S&P	1297.48	1296.06	-0.11%	1.91%
Dow	11334.96	11304.46	-0.27%	1.62%
Portfolio	104089.7	102203.4	-1.81%	2.20%

Neither of us holds a position in any of these stocks. Please review our disclaimer.

Posted by Ben at 10:00 AM | Permalink | Comments (0) | TrackBacks (0)

Review of Defensive High ROIC Portfolio

This portfolio is made up of the 15 defensive stocks that are trading at the highest Return On Investment Capital (ROIC). Each month we will review the list, and make any trades necessary to get the portfolio to match the list. The list of defensive stocks is made by following modernized Benjamin Graham strategies, and ROIC is calculated with a formula based on Warren Buffett's definition of Owner Earnings and Contributed Capital.

There was one dividend issued for this portfolio this week. On 8/15 Lennar Corp (LEN) issued a $0.16 dividend, and it was reinvested at the day's closing price. This week and overall the portfolio has significantly outperformed the Dow and S&P 500 indexes.

The current value is calculated using prices near close from Thursday.

The snapshot:

Ticker	Total Cost	Current Value	% Gain/Loss
BGG	$6,529.00	$7,581.65	16.12%
BN	$6,450.00	$6,444.20	-0.09%
CAE	$6,470.20	$6,863.40	6.08%
DHI	$6,527.35	$6,854.40	5.01%
FL	$6,490.00	$6,110.10	-5.85%
JNY	$6,544.00	$6,441.60	-1.56%
KBH	$6,577.35	$6,818.45	3.67%
LANC	$6,519.30	$7,291.30	11.84%
LEN	$6,436.95	$6,692.93	3.98%
MDC	$6,544.00	$6,720.00	2.69%
PHM	$6,460.00	$6,490.85	0.48%
RYL	$6,435.60	$6,919.98	7.53%
SRR	$6,499.60	$6,968.00	7.21%
TOL	$6,478.80	$6,687.20	3.22%
WEYS	$6,543.10	$6,737.85	2.98%
Cash		$2,467.75

Total	$100,000.00	$104,089.66	4.09%

Performance:

	Last Week	This week	Change	Overall
S&P	1271.81	1297.48	2.02%	2.02%
Dow	11124.37	11334.96	1.89%	1.89%
Portfolio	100458.5	104089.7	3.61%	4.09%

Neither of us holds a position in any of these stocks. Please review our disclaimer.

Posted by Ben at 12:30 PM | Permalink | Comments (0) | TrackBacks (0)

Review of Defensive High ROIC Portfolio

This portfolio is made up of the 15 defensive stocks that are trading at the highest Return On Investment Capital (ROIC). Each month we will review the list, and make any trades necessary to get the portfolio to match the list. The list of defensive stocks is made by following modernized Benjamin Graham strategies, and ROIC is calculated with a formula based on Warren Buffett's definition of Owner Earnings and Contributed Capital.

Since this is the first month of the portfolio, we will start with $100,000 and $10 commissions. All of the stocks listed were "purchased" using prices from Wednesday's close. The current value is calculated using prices near close from Thursday.

The snapshot:

Ticker	Total Cost	Current Value	% Gain/Loss
BGG	$6,529.00	$7,046.35	7.92%
BN	$6,450.00	$6,421.80	-0.44%
CAE	$6,470.20	$6,577.20	1.65%
DHI	$6,527.35	$6,498.45	-0.44%
FL	$6,490.00	$6,525.90	0.55%
JNY	$6,544.00	$6,567.00	0.35%
KBH	$6,577.35	$6,505.35	-1.09%
LANC	$6,519.30	$6,609.60	1.39%
LEN	$6,436.95	$6,424.95	-0.19%
MDC	$6,544.00	$6,450.00	-1.44%
PHM	$6,460.00	$6,164.05	-4.58%
RYL	$6,435.60	$6,483.20	0.74%
SRR	$6,499.60	$6,562.40	0.97%
TOL	$6,478.80	$6,492.20	0.21%
WEYS	$6,543.10	$6,662.25	1.82%
Cash		$2,467.75

Total	$100,000.00	$100,458.45	0.46%

Neither of us holds a position in any of these stocks. Please review our disclaimer.

Posted by Ben at 12:23 PM | Permalink | Comments (0) | TrackBacks (0)

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December 15, 2006

Review of Defensive High ROIC Portfolio

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September 22, 2006

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September 08, 2006

Rebalance & Review of Defensive High ROIC Portfolio

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Review of Defensive High ROIC Portfolio