Weekly Summary
March 14, 2008
I think I am noxious. The rollercoaster Mr. Market has prepared for us this week was as good as one at the Puyallup Fair, here in Washington. On the positive side, GHS reported decent Q4. Excluding goodwill and mastheads write-offs , GateHouse earned 33 cents a share, compared with 9 cents a share analysts expected. Looks like GHS might have found the bottom. Dividends for this quarter are only $0.20 per share, but still it is well above 10% yield. I say not bad. I am holding GHS.
JMBA also reported fourth-quarter earnings. Total revenue increased 9.7%, but company-owned comparable store sales decreased 3.3%. Which was expected considering the housing mess in California. People do not have money to pay the mortgage, I would expect they have no spare cache for smoothies, or do they? On the other hand, Jamba also got rid of its huge goodwill ($200.6 million) which I think is great, and they expect to end this year somewhere around break even mark. Share price went down today, but considering the market downswing it was not that bad. I am holding JMBA.
March 5, 2008
Well last week’s summary is a little bit late. I had to fly on emergency business trip to Europe. When I checked the market last Wednesday, everything looked just great. DHI went over $17, and couple of other stocks were in black. That night my laptop broke, so I did not check the market for the rest of the week. It seemed like Mr. Market is finally leaving the bottom and showing me some greens. Well, when I checked it again on Sunday, it was back in the same place I left it week ago. I did not sell anything and I did not buy anything.
February 15, 2008
Last week I was on vacation. When I checked the stock and saw what DHI was doing … it did not make me happy. Looking back I should have liquidate my position, I would have been over $1000 up. My DHI is down now to -&700. The reasons I did not sell small position was that I would have to deal with wash sale, witch I hate. And the reason why I did not liquidate my entire position was, that DHI has a potential to go higher.
I have to remind myself: There is always another stock to invest in. I should have sold DHI so I would have more money to invest in AIG, GXP and maybe PNW. Well, only time will tell.
