I am now up only 8.9% for the year after losing 4.9% this week.

No big losers, but just getting a thousand papercuts everyday.

They announced earnings today. Beat estimates on revenue and EPS. They have over $1.50 a share in cash and no debt. They raised their guidance and continue buying back shares. Estimates are $1.06 EPS for the year. The stock is down.

Then you have Swarmer. $20,000 in revenue, no profitability in sight and a market cap of $400 million. This is why this market is upside down.

I got one right. ACH is down 25% today. I am so glad I didn’t waffle and sold my 80,000 shares yesterday.

I bought some ZIM today. They have a take-over deal to be bought for $35 and a back-up offer at $37,50. It is back under $26 now. The risk here is that the Israeli government does not approve the deal. The buyer is a German company. The back up offer is from an Israeli company. I am betting one of them will get approved. I think the downside is limited to maybe 15%, and the upside 35%.

In the meantime it pays a 7.5% dividend.

I booked about a 60% profit on the position.

Earning were ok today, but they are refinancing their debt (about $2 billion) and it will cost $40 million a year more in interest once the refinancing is in place. That will likely knock the crap out of earnings going forward.

I was up 1.7% last week and am up 13.8% for the year.

I survived 5 earnings reports. Only ANGI got me.

I bought LE and it is up about 5%. I sold CARS after earnings. I would love to see it fall to under $8 again so I could buy it back. I also sold some of ACH. I am hedging earnings next week.

Even EDAP was up last week.

I wonder when the hardware cycle will turn (it always has) and all the hardware commodity stocks will get decimated (chips, memory, storage)?

Earnings next week. I sold 1/3 of my position (it was pretty large) for a 55% gain. You can’t lose by taking a profit.

I sold CARS this morning @$12.20 for a 60% gain.

It would be a good week if not for ANGI which plunged 30% on less than stellar results. Still, it made $.18 Non-GAAP. Now trading under $5. I bought more.

I normally never buy retail stocks, but LE caught my eye. I bought it at just under $11.

They just sold 50% of their licensing IP for $300 million, paid off all their debt (about $240 million), instituted a $100 million share buyback (about 31 million shares outstanding). Plus the buyer tendered for 2 million shares at—get this–$45 a share.

I think the interest savings will just about offset the loss of 50% of their licensing revenue (TBD)

The current market cap is just over $300 million, or about what the other 50% of their licensing business is worth. Then there is the rest of the business.

Profitable, no debt and CHEAP, IMO

I had a nice week, up 5.6% and am up 12.1% YTD

Just solid gains on most of my stocks but, not enough to sell anything.

There are still a LOT of stocks out there selling at 30,40, 50X earnings–and more. All I can do is shake my head.

So finding good value stocks is hard, but they are out there. I tried buying one last week but it got away from me, at least for now.

I was up for 5 weeks in a row. In my experience I was due for a crappy week and I got it.

I was down 3.5% last week and am up 6.5% for the year.

No news on anything I own and I didn’t do any trading.

Market is back to chasing momentum. INTC soared last week when they made around $.30 . PE now well over 50.

Blah