This portfolio is made up of the 15 enterprising 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 enterprising 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 Enterprising High ROIC companies on a weekly basis. The portfolio will continue to be rebalanced once a month, but the actual list of companies will be updated every week.
Here is this week’s list of Enterprising High ROIC companies:
|ADBE||ADOBE SYSTEMS INC|
|FDS||FACTSET RESEARCH SYS|
|CPSI||COMPUTER PROGRAMS &|
|CHH||CHOICE HOTELS INT’L|
|DEBS||DEB SHOPS, INC.|
|SEIC||SEI INVESTMENTS CO|
There were a couple dividend transactions this week. K-Swiss issued a dividend of $.05/share, which was reinvested at $31.59. Syntel, Inc. issued a dividend of $.06/share, which was reinvested at $23.88.
The portfolio has underperformed both the DJIA and S&P 500 indexes this week, but has outperformed them overall.