Cheap Stocks, May 2016 Update

May continued our rebound from the horrible January, but we are still down 1.9% for the year.

SYNC soared in May with the announcement that they won a $100 million a year contract with AT+T. While the stock doubled, we think it has a ways to go yet. The positive impact won’t be seen until 2017 so it may pause here for a while. Still very cheap.

CCUR is still being pushed by Julian Singer to do something—like sell the company. It may get nasty.

We are updating our open legacy portfolio once a month until all positions are sold.

Of our closed out positions since inception, we had 67 winners, 16 losers for an 81% win-rate with an average gain of 37%.

May 2016 Performance:

Index May YTD
Dow 0.1% 2.1%
Nasdaq 3.4% -1.2%
CSI 1.7% -1.9%

Our 11 new private client stock positions (including 2 sold positions) are up 3.5% for the year.

Per Share Current Lifetime 2016 Current Price to Prior
Stock Cost Price Gain/Loss Gain/Loss Valuation Valuation Valuation
ARIS        1.61        3.86 139% -14.2% $     6.46 60% $     6.40
CCUR **        4.58        8.18 79% 28.0% $     11.72 70% $     13.68
BLIN        3.95        0.75 -81% -33.6% $     2.06 36% $     4.40
DXMM SOLD 5/2/2016 -98% 0.0% NA NA NA
SYNC        2.56        3.11 21% 77.7% $     6.23 50% $     6.86
EXTR        3.43        3.69 8% -9.6% $     7.48 49% $     8.76
PRSS        4.01        3.33 -17% -13.3% $     7.11 47% $     10.68
ATEC        0.59        0.21 -65% -31.0% $     2.43 9% $     2.26
AVID        8.35        5.95 -29% -18.4% $     28.44 21% $     23.50
CRNT        1.38        1.74 27% 43.8% $     3.24 54% $     3.97
CKP BUYOUT 3/2/2016 48% 60.0% NA NA NA
MTSL SOLD 3/29/2016 -9% 34.1% NA NA NA
GSL        3.09        1.64 -47% -36.9% $     3.00 55% $     3.00
** Current price includes cumulative dividends
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