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    « PerfectCompany Update 12/26/16 and Why Random Walk is Wrong | Main | Perfect Company Report 12/5/15 »
    Wednesday
    Dec092015

    Perfect Company FINAL SCORE 12/9/14 close – 12/9/15 close

    The final score is S&P 500 -0.6%, Perfect Company 37.3%. If you balanced out the 10 liquidated positions by their annualized returns, the Perfect Company blended score would be 26%. The S&P pays a 1 to 2% dividend; Perfect Company stocks paid 3 to 4% on average.

    My biggest lesson this year was learned from ignoring the threat of over-competition. To the extent that companies can cast themselves as purveyors of intellectual property (Designed in the U.S. by Apple) rather than producers (manufactured in Korea by Samsung), companies have somewhat protected margins and are perceived as more valuable. Comics, patents for organic LEDs, and super computer chips have design cred. Energy, shipping and airline operations are unlovely money-crunching machines. When enthusiastically pursued by companies and countries to the point that supply overwhelms demand, entire industries suffer. Spirit Airlines (SAVE) and Navios Maritime Partners (NMM) were my two biggest losers. At least I stayed away from energy, which was no mean feat since the business press announced a new nadir every two months.

    Here are the final portfolio positions exactly one year later:

    #

    Symbol

    DIV@BUY

     BUY

    DATE IN

    12/9/2015

     

    +/-

                   

    1

    IDWM

    5.37%

     $12.15

    12/10/2014

     $36.25

     

    198.40%

    2

    OLED

    0.00%

     $27.64

    12/10/2014

     $55.13

     

    99.46%

    3

    NVDA

    1.50%

     $22.28

    4/27/2015

     $32.71

     

    46.81%

    4

    LOAN

    8.62%

     $3.25

    12/10/2014

     $ 4.40

     

    35.38%

    5

    ATNI

    1.69%

     $67.98

    12/10/2014

     $77.40

     

    13.86%

    6

    VIVO

    4.95%

     $17.77

    1/27/2015

     $19.85

     

    11.71%

    7

    WSTG

    0.04%

     $18.50

    5/4/2015

     $17.80

     

    -3.78%

    8

    TWMC

    0.00%

     $3.82

    11/19/2015

     $ 3.50

     

    -8.38%

    9

    NMM

    24.60%

     $7.31

    8/26/2015

     $ 3.07

     

    -57.99%

       

    5.20%

           

    37.27%

     

    S&P 500

     CLOSE 12/9/14

     

    12/9/15

     

     

     

     

     $2,059.82

     

     

     $2,047.62

     

    -0.59%

     

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