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:
|WON||WESTWOOD ONE INC|
|FDC||FIRST DATA CORP|
|WGOV||WOODWARD GOVERNOR CO|
|ITW||ILLINOIS TOOL WORKS|
|PCU||SOUTHERN COPPER CORP|
|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.