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Sunday, February 29, 2004  

Idiot Savant 00001
Stock Picking without Luggage


Someone had the odd idea to consult me for some market advice. Like I have all my resources and time tied up in renovation works, I was delighted to set my teeth in the market for a change. Seeking stocks with strong fundamentals in the vast ocean of free available data.


  • A very low debt rate. In exchange of their freedom, privacy and absolute control, firms receive money for nothing. That should give them a good start. When despite that they start borrowing, something must be fishy.

  • Quoting close or under Book Value. When the theoretically net value of the assets is greater or equal to the market price, one as a chance to have good value for money.

  • Insider interest. Why would you put your money in a company when the management thinks its better elsewhere?

  • Earnings. I do love low PE's, great ROE's & dividends. But like planting a fruit tree, it often takes time before there's a profitable harvest. When there is a reasonable hope on future harvests we can sin on the profit side.

  • Taste, diversity, technical analyses and compromising. Of all the US quoted stocks, only 1 had it all for me and before we could buy it, it soared already over target. So we have to be flexible on some criteria while being more severe on the remaining. The best bargains are often quite illiquid and out fashion, if they weren't, they would be quoted much higher. When buying Small Caps one has often to be patient and have a strong tummy.


Behold the result of 100 hours of market research for a € 12.500 portfolio:

€ 6.000 is spread over 3 stocks with a decent trading volume.


  • American Mortgage Accepta AMC

  • CT Communications Inc CTCI

  • Great American Financial GFR


€ 6.000 is spread over 4 more illiquid stocks

  • APA Optics Inc APAT

  • First Aviation Services FAVS

  • ImmuCell Systems Inc ICCC

  • Three-Five Systems Inc TFS


€ 500 remains on the side for brokerage, taxes and to maybe take an 8 stock on board after extra cash generation by some profit taking.

Our targets are between 15 % and 25% within a year for these 7 stocks. To have a net profit margin of 10% would be a nice performance indeed. I'll keep the Friday closure on the side, post the motivations for each purchase and keep track of the changes in the portfolio.



Warning

  • Do not buy anything you do not fully comprehend. Stocks for instance.

  • Do not buy anything without making your own investigation.

  • Do not buy anything if you can't explain your motivation, 'Market Feeling' is not a motivation.

  • Do not buy anything just because I or anybody else did.


9:24 PM

Saturday, February 28, 2004  

Mobiles 00015

Whirlwind

Hotchkiss, an engineer who won a MacArthur Foundation "genius" award, used a simple research method to come up with his innovative design. "I visited people who make wheelchairs in remote regions," he said, "and stole their ideas."

The front wheel design is from an African pushcart, the rear hub from a British motorcycle wheel rebuilt in Nicaragua. It's welded together using the technique of mechanics in Zimbabwe, with tubular armrests adapted from an ancient Japanese wheelchair by craftsmen in the Philippines.

The Torbellino - the Land Rover of wheelchairs - is made for $100 in a small Sri Lankan shop and can be repaired by anyone who can fix a bicycle. "It's the very ordinariness," says Hotchkiss, "that makes it so beautiful - and useful."

New Lives on Wheels

Brought you by Whirlwind Wheelchair International.


6:37 PM

Wednesday, February 25, 2004  

Quote of the week 00022

'A woman needs a man like a fish needs a bicycle.'
Irina Dunn

My Favourite Sitcom


12:05 AM

Wednesday, February 18, 2004  

Things they didn't told you 00023

Larvasonic

No more pesticides needed to free the world of mosquitos. A 15 year old boy saves the world with ultra sounds.

Larvasonic

Brought you by Larvasonic.



9:14 PM

Sunday, February 15, 2004  

Funny side up 00023

Oh! Mikey

The bizarre and hilarious story of the Fuccon family, who have come from America to live in Japan, despite the fact that they are mannequins.

Oh! Mickey

Enjoy the Fuccon Family.


12:13 PM

Sunday, February 08, 2004  

Things they didn't told you 00022

Squat on the loo, it's good for you!

Two-thirds of humanity use the squatting position to answer the call of nature.

In those cultures, appendicitis, diverticulosis, hemorrhoids, colitis, prostate disorders and colon cancer are virtually unknown.

Squating Grace

Lillipad and Nature's Platform
to the rescue of your ass.


2:47 PM

Tuesday, February 03, 2004  

L'ombelico del mondo 00004

Sweet lamb of mine.


Not yet with salt and well done, but the new little one is ever so cute.

In the lineage of the father (Frederik) and grandfather (felix) I do seek a F name. All suggestions are welcome at info@sammy.be


The nameless lamb

Brought you by Fun to Collect.


1:56 PM

Monday, February 02, 2004  

Mobiles 00014


'The world operates 450 million automobiles and builds 37 million new vehicles every year. Hundreds of thousands of boats, tens of thousands of yachts and thousands of airplanes are privately owned as well. Can private submarines be far behind?'
L. Bruce Jones


Phoenix


Brought you by U.S. Submarines Inc..



12:01 AM

Sunday, February 01, 2004  

Hey...What's that sound?! 00016
& why ain't it and on my radio?

Listen to the web and catch them if you can.

'Sample' music, but not like we know it.

The Lemon of Pink

Enjoy The Books.


1:09 AM

The Archives.
The Archives.
 

 
Intro
 
Deli Blitz Archives.
 
I did that! Archives.
 
Idiot Savant Future Archives.
 
Portfolio
€ 12.500
Symbol
AMC
APAT
CTCI
FAVS
GFR
HOOK
ICCC
LSBC
NYFX
OCA
OCCF
TFS
Cash
Total:
Since
Friday Close
$ 17,60
SOLD
SOLD
SOLD
STOP
SOLD
$ 4,30
$ 1,10
STOP
$ 5,23
SOLD
SOLD
€ 6.225,96
€ 12.125,55
27/2/2004
€ Gain
+1.02%
+15,00%
+10,00%
+15,00%
-1,21%
+20,00%
-5,28%
-34,46%
-7,00%
-0,46%
+9,04%
+15,00%
-3,00%
Last Updated on 18/12/2004