Last week was the best in several weeks.
We went 7 up, 5 down and 1 even this past week. But our model portfolio year-to-date gain fell a tad (.1%) to 11.0%. MIVA is still our biggest dog, followed by DWCH, LINN.ob.
OPTO.ob and ARIS.ob keep fluctuating between a small loss and a small gain. Since the start of the year we are 11 up and 5 down. OPTO.ob dropped back into the red on earnings but SPNC roared back into the plus column.
The model portfolio assumes $10,000 invested in each stock, less $10 commission each way (TD Ameritrade rate).
SPNC-(Buy price $10.65, Valuation $18-$20). Price jumped to $11.26, up $1.18 last week. Now up 6%. SPNC presents at a AG Edwards conference on September 20th at 10 am EST. Hopefully they will do good and we will get some buying interest and send the shorts running. HOLD
CAW-(Buy price $9.45, Valuation $18.40). Closed down $.16 at $9.80. Yield about 3%. A group called Costa Brava Partnership offerred to buy the Class A stock at a “substantial premium”. The company has rejected this offer. CB owns 7.9% of the stock. CAW announced a $25 million credit line recently–so either some shares are going to get bought back or maybe an acquisition in the works? Up 4% so far. HOLD.
QADI-(Buy price $6.93, Valuation $13.73 (was $11.86). Closed at $7.42, up $.08. Yield about 1.4%. Trading at only 54% of valuation. Has $1.30 in cash also. Up 7% so far. BUY.
PDLI-(Buy price $19.31, Valuation > $30)–Closed at $19.36, up $.14. Now up .3%. HOLD.
MIVA-(Buy price $3.80, Valuation $7.38 (was $9.10)). MIVA closed up at $2.80. Now down 26% on this one. No news. BUY.
DWCH-(Buy price $3.66, Valuation $7.63 (was $9.31)). Closed at $2.79, up $.01, still a loser–down 24%. HOLD.
INFT-(Buy price $4.11, Valuation $6.86 (was $7.32)). Down $.17 to $4.14. Still has $2.52 per share in cash. Price objective $5.50. Now up about 1%. HOLD.
ARIS.ob-(Buy price $2.06, Valuation $5.21). Closed at $2.05, up $.05. Down .5% so far. BUY if you can find some shares. Huge valuation gap.
Linn.ob-(Buy price $.36, Valuation $.66 (was $.79)). Closed at $.31, even for the week. Still trading at less than 50% of our current valuation. Down 14% YTD. HOLD until we get some revenue growth and stop losing money.
OPTO.ob-(Buy price $1.25, Valuation $2.54 (was 2.88)). Closed at $1.20, down $.13. OPTO released earnings last week. Not what we hoped for, but not a disaster either. Sales were down 8%, due to some delayed sales (so they say) and they lost $450,000. They have cash of $.35 per share, 74% gross margins and a new valuation of $2.54 a share. We don’t like when our vluations fall, but there is still enough of a discount on this one to continue holding. Also, on the same day as earnings, they announced a sale to Ingersoll Rand. Now down 4% to date. HOLD.
AVSO.ob-(Buy price $1.19, Valuation $3.81). Stock closed at $1.65, down $.05. Now only up 39%. Still waiting on year-end results for AVSO. Could be burdened with some acquisition and capital raising charges, but we expect to see some good operating results. Still only trading at less than 50% of our valuation. BUY.
CTIG.ob-(Buy price $.27 ask, Valuation $1.05 (Was $.82)). Ask price stayed at $.35. Closed at $.33. Cash is $.28 per share. Up 30% (based on asked price). If you own this HOLD. If you don’t-BUY.
IYXI.ob-(Buy price $1.91, Valuation–over $3.00). Closed up $.04 at $2.54, still up 33% so far. HOLD.