I have a 40 year background in accounting and finance at a number of public and private companies in increasingly responsible positions and have been a CFO for the last 20 years. My background in preparing financial statements, reporting to the Securities and Exchange Commission and having been involved in a number of company sales and purchases are invaluable tools in reading and understanding public company financial statements and their valuations.
I closed my position in Perion (PERI) for a 77% profit.
I also sold another 1/3 of my Tech Storage company for a 51% gain, bringing my total gain so far to 42% on the 2/3’s I have sold.
Last week I some some more of my Adtech stock for an 81% gain. I also sold 33% of a Tech storage company for a 34% gain.
Of our closed out positions on the Blog, since inception, we have had 71 winners, 19 losers for a 79% win-rate with an average gain of 35.7%.
We will continue to update on the remaining stock positions individually until they are all sold.
In July:
AVID has continued to move up and is now up 116% this year and 23% lifetime.
ATEC is up 105% this year, but still is down 33% lifetime. ATEC raised about $57 million is a share offering last week. It got snapped up pretty quickly at only a 10% discount to the market price when it was announced.
SYNC, is down 1% this year and 43% lifetime. They announced that they are losing the AT+T contract, but the effects will not be felt until 2020 as they wind down and transfer the business. MGMT needs to sell this puppy.
July 2019 Legacy Positions:
SYNC
Share cost-$2.56
Current Price-$1.46
Lifetime Gain(Loss)-(43%)
YTD Gain(Loss)-(1%)
Current Valuation-$4.23
Price to Value ratio-35%
Prior Valuation-$5.48
ATEC
Share cost-$7.06
Current Price-$4.70
Lifetime Gain(Loss)-(33%)
YTD Gain(Loss)-105%
Current Valuation-$4.82
Price to Value ratio-97%
Prior Valuation-$4.83
AVID
Share cost-$8.35
Current Price-$10.25
Lifetime Gain(Loss)-23%
YTD Gain(Loss)-115%
Current Valuation-$16.39
Price to Value ratio-63%
Prior Valuation-$16.11
I sold a bit more of my AdTech position for a 60% gain. In total I have sold 50% of my position for a 58% gain.
I sold my position in Extreme Networks last week for a 15% gain.
I sold about 15% of a medical device company for a 48% gain this week.
I sold just under 40% of an Adtech company for a 57% gain.
