Fwiw, dropping these stocks from my portfolio:
YHOO. Growth rate has fallen below target zone for the metrics I use. (In 7/'06 @$25.45, 10/'06 @$23.55; out @ $30.00).
FAF. Numbers exceed past years' for metrics like p/bk, etc. Closing stub position. Last shares purchased 6/'04 @ $25.06 ;out @$51.89. (FAF discussed several times here 1999-2003. To me, FAF provides a positive example of why I like to keep stub positions.)
WY (Weyerhaeuser) Closed position. Shoulda sold more at highs Tired of recent price drop now. In 5/05 @ $67.28; out $78.55
LBTYA, LBTYK. Exited Liberty Global yesterday in advance of Dutch tender. (LBTYA spin out rec'd 4/'05 @$21.63; out $30.94). Today stock is at $31.53. The tender offer will be a bust if the price holds because buy offer range is "not greater than $31.00 nor less than $28.20", expiring 4/'03. (Nobody will tender if they can sell open market for more than $31.00) At this point, looks like a mistake for me to have sold out. Not so much because stock has moved up above my sell price, but because I consider it a very positive sign for the stock's future if the tender should fail (i.e. people aren't willing to part with shares under $31, thus suggesting a possible base, not top).
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Upped my few shares of automaker BMW by a few shares yesterday. (Fwiw, recommended by David Herro, Chief Investment Officer, International Equities, Harris Associates in Barron's interview 2/19)
I added to car retailer GPI also. Stock at new 12-mo. low. (p/e attracts)
Restaurant chain COSI reported not such a good quarter yesterday. I added a little to my losing position. My market research team reports on their one visit to the one nearby restaurant that food/service/ambiance are all positive. The place had a few customers in mid afternoon. They like it, ergo I buy. (Part of same team that got me into clothing chains at opportune time) |
