July 2016 Update

We had a great YEAR, in July. Driven by big gains in ARIS (19%), CRNT (37%), and GSL (35%) we were up 26.7% in July and are now up 27.2% for the year.

Even ATEC had good news. They are selling their European distribution operations for $80 million and paying off all their debt (which they were in default on). We are surprised that the stock did not at least double on the news.

BLIN also seems to have solved its debt problems by converting some or all of it to stock.

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

Of our closed out positions since inception, we have had 69 winners, 16 losers for an 81% win-rate with an average gain of 38%.

July 2016 Performance:

Index July YTD
Dow 2.9% 5.8%
Nasdaq 6.4% 3.1%
CSI 26.7% 27.2%

Our 13 new, private stock positions (including 2 sold positions) are up 10% for the year.

Per Share Current Lifetime 2016 Current Price to Prior
Stock Cost Price Gain/Loss Gain/Loss Valuation Valuation Valuation
ARIS SOLD 7/14/2016 210% 11.1% NA NA NA
CCUR **        4.58        6.92 51% 8.3% $     11.72 59% $     13.68
BLIN        3.95        0.85 -78% -24.8% $     2.06 41% $     4.40
DXMM SOLD 5/2/2016 -98% 0.0% NA NA NA
SYNC        2.56        3.05 19% 74.3% $     6.23 49% $     6.86
EXTR SOLD 7/21/2016 13% -4.9% NA NA NA
PRSS        4.01        3.14 -22% -18.2% $     7.11 44% $     10.68
ATEC        0.59        0.41 -30% 36.7% $     2.43 17% $     2.26
AVID        8.35       6.51 -22% -10.7% $     28.44 23% $     23.50
CRNT        1.38        2.22 61% 83.5% $     3.24 69% $     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        1.71 -45% -34.2% $     3.00 57% $     3.00
** Current price includes cumulative dividends
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ARIS-Sell at $5.00

Well we are packing it in on ARIS. Bulls and Bears make money, and pigs get slaughtered.

We are selling ARIS after 10 years. It has been like watching moss grow, but we will book a 210% gain.

Nothing wrong that we see here, and only selling 1/3 of our personal holdings. We will hold the rest and see what happens.

Cheap Stocks, June 2016 Update

Well we finally got back to breakeven for the year after the January “freeze”.

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%.

June 2016 Performance:

Index June YTD
Dow 0.8% 2.9%
Nasdaq -2.1% -3.3%
CSI 2.4% 0.4%

Our 13 new private client stock positions (including 2 sold positions) are up 2.4% 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        4.20 161% -6.7% $     6.46 65% $     6.40
CCUR **        4.58        7.02 53% 9.9% $     11.72 60% $     13.68
BLIN      3.95        1.06 -73% -6.2% $     2.06 52% $     4.40
DXMM SOLD 5/2/2016 -98% 0.0% NA NA NA
SYNC        2.56        3.08 20% 76.0% $     6.23 49% $     6.86
EXTR        3.43        3.39 -1% -16.9% $     7.48 45% $     8.76
PRSS        4.01        3.10 -23% -19.3% $     7.11 44% $     10.68
ATEC        0.59        0.35 -41% 16.7% $     2.43 14% $     2.26
AVID        8.35        5.81 -30% -20.3% $     28.44 20% $     23.50
CRNT        1.38        1.62 18% 33.9% $     3.24 50% $     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        1.27 -59% -51.2% $     3.00 42% $     3.00
** Current price includes cumulative dividends