Private Portfolio Update-CALL

magicJack got a buy-out offer from B. Riley today at $8.71 a share. Only a 17% gain on this one, but it took less than 5 months.

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CSI Update-October 2017-Free Blog

We sold Concurrent in October for a 90% gain (including dividends) as it is selling the last of its operating business.

Of our closed out positions on the Blog, since inception, we have had 71 winners, 17 losers for an 80.7% win-rate with an average gain of 38.4%.

Since we now have only 5 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.

In October:

ATEC preannounced Q3 2017 results. They are expecting domestic revenues of about $20.4 to $20.7 million compared to $21.9 last quarter. Margins are expected to be 69-69% compared to 71% last quarter and they expect operating expenses (not really defined) of about $16 million. So it looks like maybe an operating loss of about $2 million. Some of the revenue shortfall was blamed on the hurricanes and a shorter quarter. They did say they expect Q4 revenues to be higher. I expect my valuation to fall to maybe $6.50 a share. I am not worried—yet. With the ex-Nuvasive guys on board and investors my expectations have risen, but it will likely take a few quarters to see the results. Meanwhile the stock price jumped 65% in October.

October 2017 Legacy Positions:

 

                  Share      Current      Lifetime      Current      Price to     Prior

 Stock         Cost          Price          Gain            Value         Value       Value

BLIN            $19.76       $2.68          (86%)               $7.01         38%        $7.20

SYNC             $2.56       $2.40           (23%)               $5.32         45%        $4.49

PRSS             $4.01        $2.05           (49%)               $6.49         32%        $5.61

ATEC            $7.06        $3.73           (47%)               $7.42         50%        $9.42

AVID            $8.35         $4.46           (47%)            $16.50         27%        $17.34

CSI Update October 2017-Private Portfolio

We stopped publishing our free weekly CSI Blog after 10 years of publishing at the end of 2015. We are following our 5 remaining open positions until the end.

In late 2015 we started offering a paid subscription service which is similar to the Blog, but we tell you exactly what stocks we bought and why—and sold every day, with a weekly summary of activity, open positions, how many shares we own and their valuations.

I have averaged a 48.5% gain on our 21 sold stocks (19 winners and 2 small losers) in my private portfolio since January 1, 2016. Seven of the 20 stocks have been bought out, including five this year.

If you are interested in becoming one of our private paid subscribers, please e-mail me at daveosowski@gmail.com.

Here is the list of private subscription stocks I have bought and sold since December 2015.

2017 eGain 56% gain

2017 YUME 90% gain, Buy-Out

2017 MaxPoint Interactive 60% gain

2017 Shortel 24% gain, Buy-Out

2017 Tremor Video 25% gain

2017 MRV Communications 6% loss, Buy-Out

2017 Ceragon Networks 55% gain

2017 Angie’s List 60% gain, Buy-Out

2017 Lantronix 135% gain

2017 Syneron Medical 46% gain, Buy-Out

2017 RocketFuel 140% gain

2017 Undisclosed spin-off .1% gain

2017 Harmonic 74% gain

2016 Ceragon Networks 48% gain

2016 Alphatec 71% gain

2016 Universal Insurance 36% gain

2016 Mitel Networks 15% gain

2016 Avid Technology 50% gain

2016 Silicon Graphics 70% gain, Buy-out

2016 Imatron 30% gain

2016 Harmonic 80% gain

2016 United Online 5% loss, Buy-out