MTSL announced earnings last week. Not as good as we had hoped. Our valuation fell to $2.34 from $2.89. Given the liquidity issues and thin trading we will take our 9% loss on this and move on.
CKP got a buyout deal today at $10.15 a share. While this is way below our $18 valuation, we will book our 45% or so gain in under 6 months and be happy to make some money in this market.
Well February was certainly better that January. There are still irrational stock prices out there, but some prices have come all the way back, but there is still a long way to go.
We are updating our open position portfolio once a month until all positions are sold.
February 2016 Performance:
Our 5 new stock positions are actually up 4.3% for the year.
Nothing much has changed with our opinions on our open positions. CRNT announced earning in February. Our valuation went down to $3.97 from $4.54 as the company is foregoing chasing low margin sales for more profits. We still think CRNT is way too cheap.
GSL dropped a bomb on us this morning. They had good earnings, but instead of increasing their dividend as previously announced—they eliminated it altogether. This will be a long haul here, a year or two at least. Lesson learned—again—don’t ever buy a British company with a CEO named Ian. This is my second one that bombed.
|Per Share||Current||Lifetime||2016||Current||Price to|
|CCUR **||4.58||6.94||52%||8.6%||$ 12.45||56%|
|** Current price includes cumulative dividends|