I closed out my position in Tremor Video last week and booked a 25% profit.
SHOR got a buy-out offer from Mitel (MITL) this morning at $7.50 a share. I bought SHOR on June 27, 2017 at $6.00. Booked a 24% gain this morning after holding it for only one month. Not as high an offer as I would like, but the timing couldn’t be much better.
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We bought FUEL last November at $1.91 and sold it in March at an avg. price of $4.58 for a 140% gain. FUEL got a Buy-out offer today at $2.60. Timing is everything. Whew!
Well I was right and I was wrong. MRVC got a Buy-Out offer last night. I was happy for about 10 seconds when I read the headline. Then I read the press release and saw the price was $10 per share. I cashed out today with a 6% loss. Last time I owned MRVC back in 2015, I booked a 128% gain. 3rd Buy-Out this year, only it was a loser. Moving on.
Sorry for the table formatting. Word Press changed something several months and we haven’t been able to figure out how to get it right again.
Of our closed out positions on the Blog, since inception, we have had 70 winners, 17 losers for an 80.5% 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.
AVID’s CEO bought just over 275,000 shares in June at about $5.00 per share.
June 2017 Legacy Positions:
|CCUR **||$ 4.58||$ 8.93||95%||20.8%||$ 13.83|
|BLIN||$ 3.95||$ 0.56||-86%||-12.5%||$ 1.38|
|SYNC||$ 2.56||$ 3.65||43%||17.7%||$ 5.66|
|PRSS||$ 4.01||$ 2.48||-38%||-15.6%||$ 10.15|
|ATEC||$ 7.06||$ 1.85||-74%||-42.4%||$ 8.87|
|AVID||$ 8.35||$ 5.26||-37%||19.5%||$ 18.54|
|** Current price includes cumulative dividends|