December 2016 Update

We have sold 8 of our private positions in 2016 (either fully or partially).

Imation—31% gain

Mitel-15% gain

United Online-6% loss (take-under)

SGI—70% gain on takeover.

AVID-55% gain (this was a trading position-in addition to our long-term holding)

HLIT-85% gain. We sold 75% of our position here.

UVE-36% gain.

ATEC-71% gain. (This was a trading position-in addition to our long-term holding)

If you are interested in becoming one of our private paid subscribers, please e-mail me at daveosowski@gmail.com. It is NOT CHEAP though.

We averaged a 41% gain on our 8 sold positions in our private portfolio and are up 2.5% on our other 16 positions.

December was not a good month—down 5.6% compared to the Dow up 3.3% and NASDAQ up 1.1%. We still ended 2016 up a healthy 18.3% compared to the DOW up 13.4% and NASDAQ up 7.5% for the year.

Here is our portfolio track record since 2006:

Annual performance:

2016 +18.3%

2015   +8%

2014   +11.5%

2013   +47.9%

2012   +30.9%

2011   (.6%)

2010   +37.6%

2009   +88.9%

2008   (46.5%)

2007   +11.1%

2006   +14.4%

Average gain of 20.5%

Compound annual gain of 15.2%

Of our closed out positions since inception, we have had 70 winners, 17 losers for an 80% win-rate with an average gain of 38%.

Since we have only 6 remaining stocks in our “portfolio” we will be discontinuing the portfolio performance metrics in 2017. We will continue to update on the remaining stock positions individually in 2017.

December 2016 Performance:

Index December YTD
Dow 3.3% 13.4%
Nasdaq 1.1% 7.5%
CSI -5.6% 18.3%

 

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        7.39 61% 15.6% $     9.49 78% $     16.16
BLIN          3.95        0.64 -84% -43.4% $   1.53 42% $     2.11
DXMM SOLD 5/2/2016 -98% 0.0% NA NA NA
SYNC          2.56        3.10 21% 77.1% $     6.17 50% $     6.23
EXTR SOLD 7/21/2016 13% -4.9% NA NA NA
PRSS        4.01        2.94 -27% -23.4% $     7.43 40% $     7.73
ATEC          7.06        3.21 -55% -10.8% $     18.78 17% $     19.93
AVID          8.35        4.40 -47% -10.7% $     22.03 30% $     25.56
CRNT SOLD 8-5-2016 64% 86.0% NA NA NA
CKP SOLD-BUYOUT 3/2016 48% 60.0% NA NA NA
MTSL SOLD 3/29/2016 -9% 34.1% NA NA NA
GSL SOLD 11/16/2016 -3% 15.8% NA NA NA
** Current price includes cumulative dividends
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November 2016 Update

We have sold 8 of our private positions in 2016 (either fully or partially).

Imation—31% gain

Mitel-15% gain

United Online-6% loss (take-under)

SGI—70% gain on takeover.

AVID-55% gain (this was a trading position-in addition to our long-term holding)

HLIT-85% gain. We sold 75% of our position here.

UVE-36% gain.

ATEC—71% gain. (This was a trading position-in addition to our long-term holding)

If you are interested in becoming one of our private paid subscribers, please e-mail me at daveosowski@gmail.com. It is NOT CHEAP though.

We averaged a 41% gain on our 8 sold positions in our private portfolio and are up 3% on our other 16 positions.

November was just a so-so month–up .7% compared to the Dow up 5.6% and NASDAQ up 2.7%. We are still up a healthy 23.9% compared to the DOW up 9.7% and NASDAQ up 6.3% for the year. GSL was up 130% and got close to our cost basis and we got out at $3.00. It is now sub-$2 again.

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 70 winners, 17 losers for an 80% win-rate with an average gain of 38%.

November 2016 Performance:

Index November YTD
Dow 5.6% 9.7%
Nasdaq 2.7% 6.3%
CSI 0.7% 23.9%

 

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        7.53 64% 17.8% $     9.49 79% $     16.16
BLIN          3.95        0.63 -84% -44.2% $     2.11 30% $     2.06
DXMM SOLD 5/2/2016 -98% 0.0% NA NA NA
SYNC          2.56        3.05 19% 74.3% $     6.17 49% $     6.23
EXTR SOLD 7/21/2016 13% -4.9% NA NA NA
PRSS          4.01        3.05 -24% -20.6% $     7.43 41% $     7.73
ATEC          7.06        5.23 -26% 45.3% $     18.78 28% $     19.93
AVID          8.35        4.21 -50% -42.2% $     22.03 19% $     25.56
CRNT SOLD 8-5-2016 64% 86.0% NA NA NA
CKP SOLD-BUYOUT 3/2016 48% 60.0% NA NA NA
MTSL SOLD 3/29/2016 -9% 34.1% NA NA NA
GSL SOLD 11/16/2016 -3% 15.8% NA NA NA
** Current price includes cumulative dividends