Review of Ben’s Portfolio

This portfolio will follow our modernized Benjamin Graham value investing approach, starting with $100,000 and $10 commissions.  Taxes are ignored.  For ease of calculation, cash will not be given any interest.

This week I decided not to make any transactions.

The performance of Brookfield Homes (BHS), Dollar General (DG), First Data Corp (FDC), and Tuesday Morning Corp. (TUES) was encouraging, while a couple companies in the portfolio went down slightly.  Overall the portfolio has outperformed both the S&P 500 and the Dow.  This portfolio study was initiated on August 8, 2006.

This week’s snapshot:

Ticker

Total Cost

Current Value

%Gain/Loss

BHS $6,502.50 $8,112.50 18.80%
DG $9,514.68 $10,143.69 4.48%
FAGIX $20,004.32 $20,416.24 1.71%
FDC $6,947.80 $7,517.50 4.81%
INTC $6,520.00 $8,002.50 24.35%
JH $7,496.00 $8,178.00 7.26%
MNI $6,824.98 $7,357.94 7.01%
MPX $6,510.15 $8,154.90 23.38%
NX $7,322.50 $8,377.50 15.74%
TUES $6,625.00 $8,250.00 16.75%
WON $7,250.00 $7,910.00 4.97%
       
Cash   $8,510.99  
       
Total $91,517.93 $110,931.76 10.93%
       

Performance

Week’s Change:

Overall:

S&P 500   0.04% 8.30%
Dow Industrials   -0.39% 8.08%
Portfolio   1.67% 10.93%

Neither of us held a position in any of the companies mentioned at the time of publication.  Also, please review our disclaimer and Our Methods.

Please register and discuss this portfolio in our forums.  Your comments help mold our future articles.

Review of Ben’s Portfolio

This portfolio will follow our modernized Benjamin Graham value investing approach, starting with $100,000 and $10 commissions.  Taxes are ignored.  For ease of calculation, cash will not be given any interest.

This week I decided not to make any transactions.

The performance of First Data Corp (FDC), Intel Corp (INTC), and John H. Harland Co. (JH) was encouraging, while a couple companies in the portfolio went down slightly.  Overall the portfolio has outperformed both the S&P 500 and the Dow. In the weeks ahead I plan on investing the rest of the cash, but if I do not find companies I would like to invest in, there is no need to.  I’d rather have cash gaining 0% interest (and losing 0%) than own a company I don’t have faith in.  When the portfolio is fully invested, I believe it will see greater gains as a whole.

This week’s snapshot:

Ticker

Total Cost

Current Value

%Gain/Loss

BHS $6,502.50 $7,725.00 18.80%
DG $9,514.68 $9,941.25 4.48%
FAGIX $20,004.32 $20,345.92 1.71%
FDC $6,947.80 $7,281.90 4.81%
INTC $6,520.00 $8,107.50 24.35%
JH $7,496.00 $8,040.00 7.26%
MNI $6,824.98 $7,303.63 7.01%
MPX $6,510.15 $8,032.50 23.38%
NX $7,322.50 $8,475.00 15.74%
TUES $6,625.00 $7,735.00 16.75%
WON $7,250.00 $7,610.00 4.97%
       
Cash   $8,510.99  
       
Total   $109,108.69 9.11%
       
Performance   Week’s Change: Overall:
S&P 500   0.98% 8.25%
Dow Industrials   1.49% 8.50%
Portfolio   0.50% 9.11%

Neither of us held a position in any of the companies mentioned at the time of publication.  Also, please review our disclaimer and Our Methods.

Please register and discuss this portfolio in our forums.  Your comments help mold our future articles.

Review of Ben’s Portfolio

This portfolio will follow our modernized Benjamin Graham value investing approach, starting with $100,000 and $10 commissions.  Taxes are ignored.  For ease of calculation, cash will not be given any interest.

This week I decided to purchase First Data Corp (FDC), our undervalued company of the week.  I bought 310 shares at $22.38. 

The performance of Quanex (NX), Tuesday Morning (TUES), and Westwood One (WON) was encouraging, while a couple companies in the portfolio went down slightly.  Overall the portfolio has outperformed both the S&P 500 and the Dow. In the weeks ahead I plan on investing the rest of the cash, but if I do not find companies I would like to invest in, there is no need to.  I’d rather have cash gaining 0% interest (and losing 0%) than own a company I don’t have faith in.  When the portfolio is fully invested, I believe it will see greater gains as a whole.

This week’s snapshot:

Ticker

Total Cost

Current Value

%Gain/Loss

BHS $6,502.50 $7,935.00 22.03%
DG $9,514.68 $9,840.03 3.42%
FAGIX $20,004.32 $20,299.04 1.47%
FDC $6,947.80 $6,937.80 -0.14%
INTC $6,520.00 $7,837.50 20.21%
JH $7,496.00 $7,690.00 2.59%
MNI $6,824.98 $7,324.00 7.31%
MPX $6,510.15 $8,246.70 26.67%
NX $7,322.50 $8,407.50 14.82%
TUES $6,625.00 $7,950.00 20.00%
WON $7,250.00 $7,590.00 4.69%
       
Cash   $8,510.99  
       
Total $91,517.93 $108,568.56 8.57%
       
Performance   Week’s Change: Overall:
S&P 500   0.79% 7.21%
Dow Industrials   0.70% 6.91%
Portfolio   1.25% 8.57%

Neither of us held a position in any of the companies mentioned at the time of publication.  Also, please review our disclaimer and Our Methods.

Please register and discuss this portfolio in our forums.  Your comments help mold our future articles.

Review of Ben’s Portfolio

This portfolio will follow our modernized Benjamin Graham value investing approach, starting with $100,000 and $10 commissions.  Taxes are ignored.  For ease of calculation, cash will not be given any interest.

This week I decided not to make any purchases. 

The performance of Brookfield Homes Corp (BHS), Marine Products Corp (MPX), and a few others was encouraging, and no companies in the portfolio went down.  Overall the portfolio has slightly outperformed both the S&P 500 and the Dow. In the weeks ahead I plan on investing the rest of the cash, but if I do not find companies I would like to invest in, there is no need to.  I’d rather have cash gaining 0% interest (and losing 0%) than own a company I don’t have faith in.  When the portfolio is fully invested, I believe it will see greater gains as a whole.

This week’s snapshot:

Ticker

Total Cost

Current Value

%Gain/Loss

BHS $6,502.50 $8,292.50 12.07%
DG $9,514.68 $9,630.36 4.33%
FAGIX $20,004.32 $20,205.28 0.65%
INTC $6,520.00 $7,833.75 18.31%
JH $7,496.00 $7,508.00 -3.52%
MNI $6,824.98 $7,320.60 2.66%
MPX $6,510.15 $8,392.05 9.87%
NX $7,322.50 $7,887.50 -0.14%
TUES $6,625.00 $7,375.00 10.64%
WON $7,250.00 $7,320.00 -4.55%
       
Cash   $15,458.79  
       
Total $84,570.13 $107,223.83 7.22%
       
Performance   Week’s Change: Overall:
S&P 500   1.45% 6.37%
Dow Industrials   1.19% 6.17%
Portfolio   3.62% 7.22%

Neither of us held a position in any of the companies mentioned at the time of publication.  Also, please review our disclaimer and Our Methods.

Please register and discuss this portfolio in our forums.  Your comments help mold our future articles.

Review of Ben’s Portfolio

This portfolio will follow our modernized Benjamin Graham value investing approach, starting with $100,000 and $10 commissions.  Taxes are ignored.  For ease of calculation, cash will not be given any interest.

This week I decided to purchase Quanex Corporation, our Undervalued Company of the week.  I purchased 250 shares at $29.25.  Also, McClatchy Company paid a dividend of $0.18/share, which I reinvested at $41.48.

The performance of Brookfield Homes Corp (BHS), Marine Products Corp (MPX), and Westwood One(WON) this week was very disappointing, while Intel Corp (INTC) and Tuesday Morning Corp (TUES) were up.  Overall the portfolio has slightly underperformed both the S&P 500 and the Dow. In the weeks ahead I plan on investing the rest of the cash, but if I do not find companies I would like to invest in, there is no need to.  I’d rather have cash gaining 0% interest (and losing 0%) than own a company I don’t have faith in.  When the portfolio is fully invested, I believe it will see greater gains as a whole.

This week’s snapshot:

Ticker

Total Cost

Current Value

%Gain/Loss

BHS $6,502.50 $7,287.50 12.07%
DG $9,514.68 $9,926.79 4.33%
FAGIX $20,004.32 $20,134.96 0.65%
INTC $6,520.00 $7,713.75 18.31%
JH $7,496.00 $7,232.00 -3.52%
MNI $6,824.98 $7,006.59 2.66%
MPX $6,510.15 $7,152.75 9.87%
NX $7,322.50 $7,312.50 -0.14%
TUES $6,625.00 $7,330.00 10.64%
WON $7,250.00 $6,920.00 -4.55%
       
Cash   $15,458.79  
       
Total $84,570.13 $103,475.63 3.48%
       
Performance   Week’s Change: Overall:
S&P 500   -0.17% 4.85%
Dow Industrials   0.50% 4.92%
Portfolio   -1.05% 4.57%

 

Neither of us held a position in any of the companies mentioned at the time of publication.  Also, please review our disclaimer and Our Methods.

Please register and discuss this portfolio in our forums.  Your comments help mold our future articles.

Review of Ben’s Portfolio

This portfolio will follow our modernized Benjamin Graham value investing approach, starting with $100,000 and $10 commissions.  Taxes are ignored.  For ease of calculation, cash will not be given any interest.

This week I decided not to make any transactions.  There is no need to rush into any positions. 

The performance of Brookfield Homes Corp (BHS), Marine Products Corp (MPX), and McClatchy Co (MNI) this week was very pleasing, while Dollar General (DG) was down slightly.  Overall the portfolio has slightly underperformed the S&P 500 and slightly outperformed the Dow. In the weeks ahead I plan on investing the rest of the cash, but if I do not find companies I would like to invest in, there is no need to.  I’d rather have cash gaining 0% interest (and losing 0%) than own a company I don’t have faith in.  When the portfolio is fully invested, I believe it will see greater gains as a whole.

This week’s snapshot:

Ticker Total Cost Current Value %Gain/Loss
BHS $6,502.50 $7,612.50 17.07%
DG $9,514.68 $10,107.54 6.23%
FAGIX $20,004.32 $20,088.08 0.42%
INTC $6,520.00 $7,485.00 14.80%
JH $7,496.00 $7,378.00 -1.57%
MNI $6,795.49 $7,155.46 5.30%
MPX $6,510.15 $7,550.55 15.98%
TUES $6,625.00 $7,145.00 7.85%
WON $7,250.00 $7,270.00 0.28%
       
Cash   $22,781.29  
       
Total   $104,573.42 4.57%
       
Performance   Week’s Change: Overall:
S&P 500   1.37% 5.03%
Dow Industrials   1.11% 4.40%
Portfolio   2.52% 4.57%

 

Neither of us held a position in any of the companies mentioned at the time of publication.  Also, please review our disclaimer and Our Methods.

Please register and discuss this portfolio in our forums.  Your comments help mold our future articles.

Review of Ben’s Portfolio

This portfolio will follow our modernized Benjamin Graham value investing approach, starting with $100,000 and $10 commissions.  Taxes are ignored.  For ease of calculation, cash will not be given any interest.

This week I decided not to make any transactions.  There is no need to rush into any positions. 

The performance of Dollar General (DG) and Tuesday Morning Corp (TUES) this week was very pleasing, while Intel (INTC – our Company of the Week) and Marine Products Corp (MPX) were both down slightly.  Overall the portfolio has slightly underperformed the Dow and the S&P 500. However, this week the portfolio outperformed both indexes.  In the weeks ahead I plan on investing the rest of the cash, but if I do not find companies I would like to invest in, there is no need to.  I’d rather have cash gaining 0% interest (and losing 0%) than own a company I don’t have faith in.

This week’s snapshot:

Ticker

Total Cost

Current Value

%Gain/Loss

BHS $6,502.50 $6,675.00 2.65%
DG $9,514.68 $10,440.12 9.73%
FAGIX $20,004.32 $20,041.20 0.18%
INTC $6,520.00 $7,282.50 11.69%
JH $7,496.00 $7,346.00 -2.00%
MNI $6,795.49 $6,653.53 -2.09%
MPX $6,510.15 $6,716.70 3.17%
TUES $6,625.00 $6,845.00 3.32%
WON $7,250.00 $7,220.00 -0.41%
       
Cash   $22,781.29  
       
Total $77,218.14 $102,001.34 2.00%
       

Performance

 

Week’s Change:

Overall:

S&P 500   0.40% 3.61%
Dow Industrials   0.37% 3.25%
Portfolio   0.55% 2.00%

 

Neither of us held a position in any of the companies mentioned at the time of publication.  Also, please review our disclaimer and Our Methods.

Please register and discuss this portfolio in our forums.  Your comments help mold our future articles.

Review of Ben’s Portfolio

This portfolio will follow our modernized Benjamin Graham value investing approach, starting with $100,000 and $10 commissions.  Taxes are ignored.  For ease of calculation, cash will not be given any interest.

This week I decided to invest more of the cash in equities.  After doing some research, I decided on four companies.  First, Brookfield Homes Corporation (BHS) has a very low PE ratio (5.4), high ROIC (16.10%), and a good value.  If it simply grows earnings by a miniscule 5% annually to perpetuity, it is worth $41.48.  John H. Harland Company (JH) and Tuesday Morning Corporation (TUES) also appeared attractive to me due to their high ROICs.  Finally, our Company of the Week this week, Westwood One, Inc. (WON) looks good as indicated by our article on Monday. 

The performance of Dollar General (DG)(up 6%) and Marine Products Corp (MPX)(up 3.5%) this week was very pleasing.  Overall the portfolio has underperformed the Dow and the S&P 500. However, this week the portfolio outperformed both indexes.  In the weeks ahead I plan on investing the rest of the cash, but if I do not find companies I would like to invest in, there is no need to.  I’d rather have cash gaining 0% interest (and losing 0%) than own a company I don’t have faith in.

This week’s snapshot: 

Ticker

Total Cost

Current Value

%Gain/Loss

BHS $6,502.50 $6,492.50 -0.15%
DG $9,514.68 $9,709.89 2.05%
FAGIX $20,004.32 $20,017.76 0.07%
INTC $6,795.49 $7,406.25 8.99%
JH $7,496.00 $7,486.00 -0.13%
MNI $6,510.15 $6,643.39 2.05%
MPX $6,510.15 $7,053.30 8.34%
TUES $6,625.00 $6,615.00 -0.15%
WON $7,250.00 $7,240.00 -0.14%
       
Cash   $22,781.29  
       
Total $77,208.29 $101,445.38 1.45%
       
Performance  

Week’s Change:

Overall:

S&P 500   -0.03% 3.20%
Dow Industrials   0.24% 2.87%
Portfolio   0.47% 1.45%

Neither of us held a position in any of the companies mentioned at the time of publication.  Also, please review our disclaimer and Our Methods.

Please register and discuss this portfolio in our forums.  Your comments help mold our future articles.

Review of Ben’s Portfolio

This portfolio will follow our modernized Benjamin Graham value investing approach, starting with $100,000 and $10 commissions.  Taxes are ignored.  For ease of calculation, cash will not be given any interest.

This week I decided on the target allocation of assets for the portfolio.  I am going to aim for a 20/80 split between bonds and equities.  Every once in a while I will rebalance to regain this target.  In order to obtain my 20% in bonds, I purchased 2344 shares of Fidelity’s Capital & Income Fund (FAGIX).  I selected this fund for its low expense rate (it is a no load), its manager’s abilities, and the strategy it employs.  I believe that by purchasing a bond fund I will be diversified enough to focus on high-yield bonds. 

The performance of Intel (INTC) was very good this week yet again.  Marine Products Corp (MPX) and Dollar General (DG) were both up over 3% on the week, while McClatchy was up slightly.  Overall the portfolio has underperformed the Dow and the S&P 500. However, this is likely because I have a lot of cash still sitting there.  I was encouraged this week by the fact that even though the portfolio is not fully invested, it was almost able to match the performance of the S&P 500 for the week.  In the weeks ahead I plan on investing the rest of the cash, but if I do not find companies I would like to invest in, there is no need to.  I’d rather have cash gaining 0% interest (and losing 0%) than own a company I don’t have faith in.

This week’s snapshot: 

Ticker

Total Cost

Current Value

%Gain/Loss

DG $9,514.68 $9,145.95 -3.88%
FAGIX $20,004.32 $19,994.32 -0.05%
INTC $6,795.49 $7,470.00 14.55%
MNI $6,510.15 $6,874.92 1.17%
MPX 6510.15 6831.45 4.94%
       
Cash   $50,654.79  
       
Total $49,334.79 $100,971.43 0.97%
       
Performance  

Week’s Change:

Overall:

S&P 500   0.90% 3.23%
Dow Industrials   1.05% 2.62%
Portfolio   0.70% 0.97%

Neither of us held a position in any of the companies mentioned at the time of publication.  Also, please review our disclaimer and Our Methods.

Please register and discuss this portfolio in our forums.  Your comments help mold our future articles.

Review of Ben’s Portfolio

This portfolio will follow our modernized Benjamin Graham value investing approach, starting with $100,000 and $10 commissions.  Taxes are ignored.  For ease of calculation, cash will not be given any interest.

There were no transactions this week.

The performance of Intel (INTC) was very good this week.  Marine Products Corp (MPX) and Dollar General (DG) were both down on the week, while McClatchy was up slightly.  Overall the portfolio has underperformed the Dow and the S&P 500. However, this is likely because I have a lot of cash still sitting there.  In the weeks ahead I plan on investing the rest of the cash, but if I do not find companies I would like to invest in, there is no need to.  I’d rather have cash gaining 0% interest (and losing 0%) than own a company I don’t have faith in.

This week’s snapshot: 

Ticker Total Cost Current Value %Gain/Loss
DG $9,514.68 $8,856.75 -6.91%
INTC $6,521.25 $7,267.50 11.44%
MNI $6,795.49 $6,863.09 0.99%
MPX $6,510.15 $6,579.00 1.06%
       
       
Cash   $70,659.11  
       
Total $29,341.57 $100,225.45 0.23%
       
Performance   Week’s Change: Overall:
S&P 500   1.26% 2.31%
Dow Industrials   0.07% 1.56%
Portfolio   0.20% 0.23%

Neither of us held a position in any of the companies mentioned at the time of publication.  Also, please review our disclaimer and Our Methods.

Please discuss this portfolio in our forums.  Your comments help mold our future articles.

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