Review of Enterprising Value Portfolio

This portfolio is made up of the 15 enterprising stocks that are trading at the greatest discount to their intrinsic value.  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 intrinsic value is calculated by a formula based on Graham’s overall philosophy of calculating value with a margin of safety.

We have decided to provide our list of Enterprising Value companies on a weekly basis.  The portfolio will continue to be rebalanced once a month, but the actual list will be provided weekly.

Here is this week’s list of Enterprising Value companies:

 

TOA TECHNICAL OLYMPIC
BMHC BUILDING MATERIALS
WON WESTWOOD ONE INC
HBP HUTTIG BUILDING
FDC  FIRST DATA CORP
WGOV  WOODWARD GOVERNOR CO
REM REMGRO LIMITED
HOV HOVNANIAN ENTERPRISE
CTX CENTEX CORPORATION
ITW  ILLINOIS TOOL WORKS
TNC TENNANT COMPANY
PCU SOUTHERN COPPER CORP
NX QUANEX CORPORATION
PCAR PACCAR INC.
TUES TUESDAY MORNING CORP

There were a couple dividend transactions this week.  Building Materials (BMHC) issued a dividend for $0.10/share, which was reinvested at $27.56.  Illinois Tool Works also issued a dividend of $0.21/share, which was reinvested at $49.99.

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

The snapshot:

Ticker

Total Cost

Current Value

% Gain/Loss

BHS $6,533.00 $8,585.50 31.42%
BMHC $7,529.55 $7,730.40 2.67%
CTX $6,436.00 $6,960.60 8.15%
HBP $6,507.60 $8,056.50 23.80%
HOV $6,440.00 $7,820.00 21.43%
ITW $7,603.60 $7,485.71 -1.55%
NX $7,484.95 $8,401.05 12.24%
PCAR $7,361.25 $7,652.50 3.96%
PCU $7,550.50 $8,705.40 15.30%
REM $6,385.65 $6,375.65 -0.16%
TNC $7,534.00 $8,223.00 9.15%
TOA $6,496.00 $6,399.75 -1.48%
TUES $6,519.45 $8,009.30 22.85%
WGOV $7,439.80 $7,736.40 3.99%
WON $6,517.60 $7,031.20 7.88%
CASH   $2,961.99  
Realized   $7,300.94  
       
Total $100,000.00 $118,134.95 18.13%

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 118720.54 118134.95 -0.49% 18.13%

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


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