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.
We stopped publishing our free weekly CSI Blog after 10 years of publishing at the end of 2015. We are following our 3 remaining open positions until the end.
In late 2015 we started offering a paid subscription service which is similar to the Blog, but we tell you exactly what stocks we bought and why—and sold every day, with a weekly summary of activity, open positions, how many shares we own and their valuations.
I have averaged a 40% gain on the 32 stocks I have sold (30 winners and 2 small losers) in my private portfolio since January 1, 2016. Nine of the 28 stocks have had buy-out offers, including six in 2017 and two in 2018. None in 2019—yet.
If you are interested in becoming one of our private paid subscribers, please e-mail me at daveosowski@gmail.com.
Here is the list of private subscription stocks I have bought and sold since December 2015.
2019 Medical device company, (sold 27%), 49% gain
2019 Lantronix, 41% gain
2019 Internet Services Co., (total 95% sold), 41% gain
2019 PDLI, 15% gain
2018 The Rubicon Project 1% gain
2018 Otelco 116% gain.
2018 Global Ship Lease 4% gain
2018 Telecom Services (57% sold) 3% gain
2018 Internet Services Co. (10% sold) 49% gain
2018 Lantronix, 52% gain
2018 Ceragon Networks, 82% gain
2018 Networking Co. (1/3 sold) 17% gain
2018 Pitney Bowes 31% gain
2018 Calix-1% gain
2018 Xerox 34% gain, Buy-Out
2018 RMG Networks-1% gain
2017 Telecommunications Co., 59% gain (partial sale)
2017 magicJack 17% gain, Buy-Out
2017 eGain 56% gain
2017 YUME 90% gain, Buy-Out
2017 MaxPoint Interactive 60% gain
2017 Shortel 24% gain, Buy-Out
2017 Tremor Video 25% gain
2017 MRV Communications 6% loss, Buy-Out
2017 Ceragon Networks 55% gain
2017 Angie’s List 60% gain, Buy-Out
2017 Lantronix 135% gain
2017 Syneron Medical 46% gain, Buy-Out
2017 RocketFuel 140% gain
2017 Conduent .1% gain
2017 Harmonic 74% gain
2016 Ceragon Networks 48% gain
2016 Alphatec 71% gain
2016 Universal Insurance 36% gain
2016 Mitel Networks 15% gain
2016 Avid Technology 50% gain
2016 Silicon Graphics 70% gain, Buy-Out
2016 Imatron 30% gain
2016 Harmonic 80% gain
2016 United Online 5% loss, Buy-Out
No news on our three remaining stocks.
AVID has continued to move up and is now up 86% this year..
ATEC is up 60% this year, but still is down 40% lifetime.
SYNC, one of our most frustrating stocks ever has done nothing. Activist investors, a new CFO with M&A experience and still trading at only 27% of our valuation.
April 2019 Legacy Positions:
Share Current Lifetime Current Price to Prior
Stock Cost Price Gain Value Value Value
SYNC $2.56 $1.46 (43%) $5.48 27% $5.78
ATEC $7.06 $4.25 (40%) $3.34 127% $2.93
AVID $8.35 $7.60 (9%) $16.11 47% $15.98
I completed my third profitable round trip on LTRX. I sold my entire position last week for a 41% gain. I bought LTRX on March 5, 2019 after their CEO quit and the stock sold off. Good company, but the price got to my valuation expectations-fast.
AVID had good Q4 2018 earnings and earned a #1 Zacks rating. The stock has jumped 57% so far in 2019, but we are still down 11%. Our valuation rose a bit to $16.11.
ATEC announced decent earnings and is up 16% this year. It still has a long way to go to get profitable, but we think it will still get there.
SYNC, one of our most frustrating stocks ever, has done nothing. Activist investors, a new CFO with M&A experience and still trading at only 29% of our valuation.
Sorry for the formatting. WordPress keeps changing their format.
March 2019 Legacy Positions:
Share Current Lifetime Current Price to Prior
Stock Cost Price Gain Value Value Value
SYNC $2.56 $1.57 (39%) $5.48 29% $5.78
ATEC $7.06 $2.65 (62%) $3.34 79% $2.93
AVID $8.35 $7.45 (11%) $16.11 46% $15.98
We stopped publishing our free weekly CSI Blog after 10 years of publishing at the end of 2015. We are following our 3 remaining open positions until the end.
In late 2015 we started offering a paid subscription service which is similar to the Blog, but we tell you exactly what stocks we bought and why—and sold every day, with a weekly summary of activity, open positions, how many shares we own and their valuations.
I have averaged a 40% gain on the 31 stocks I have sold (29 winners and 2 small losers) in my private portfolio since January 1, 2016. Nine of the 28 stocks have had buy-out offers, including six in 2017 and two in 2018.
If you are interested in becoming one of our private paid subscribers, please e-mail me at daveosowski@gmail.com.
Here is the list of private subscription stocks I have bought and sold since December 2015.
2019 Internet Services Co., (total 85% sold), 44% gain
2019 PDLI, 15% gain
2018 The Rubicon Project 1% gain
2018 Otelco 116% gain.
2018 Global Ship Lease 4% gain
2018 Telecom Services (57% sold) 3% gain
2018 Internet Services Co. (10% sold) 49% gain
2018 Lantronix, 52% gain
2018 Ceragon Networks, 82% gain
2018 Networking Co. (1/3 sold) 17% gain
2018 Pitney Bowes 31% gain
2018 Calix-1% gain
2018 Xerox 34% gain, Buy-Out
2018 RMG Networks-1% gain
2017 Telecommunications Co., 59% gain (partial sale)
2017 magicJack 17% gain, Buy-Out
2017 eGain 56% gain
2017 YUME 90% gain, Buy-Out
2017 MaxPoint Interactive 60% gain
2017 Shortel 24% gain, Buy-Out
2017 Tremor Video 25% gain
2017 MRV Communications 6% loss, Buy-Out
2017 Ceragon Networks 55% gain
2017 Angie’s List 60% gain, Buy-Out
2017 Lantronix 135% gain
2017 Syneron Medical 46% gain, Buy-Out
2017 RocketFuel 140% gain
2017 Conduent .1% gain
2017 Harmonic 74% gain
2016 Ceragon Networks 48% gain
2016 Alphatec 71% gain
2016 Universal Insurance 36% gain
2016 Mitel Networks 15% gain
2016 Avid Technology 50% gain
2016 Silicon Graphics 70% gain, Buy-Out
2016 Imatron 30% gain
2016 Harmonic 80% gain
2016 United Online 5% loss, Buy-Out
I sold my last 40% of PDLI for a 21% gain, making it a total gain of 15% on PDLI in about 9 months.
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 January:
No big news in January for SYNC or AVID. Someone did dump 3 million shares of ATEC on January 31st. driving the price down as low as $1.20. ATEC did preannounce Q4 revenues of over $25 million which is up from $23 million last quarter.
January 2019 Legacy Positions:
Share Current Lifetime Current Price to Prior
Stock Cost Price Gain Value Value Value
SYNC $2.56 $1.85 (28%) $5.78 32% $5.75
ATEC $7.06 $1.30 (82%) $2.93 44% $3.37
AVID $8.35 $4.76 (43%) $15.98 30% $14.64
