Personal Track Record
This is not an investment model
- It is a record of a member’s personal broker account as reported to Covestor
- It cannot be mirrored
Jan 11, 2011
wolff009 - View Profile
Personal Track Record
| Inception date | June 08, 2007 |
| Holding Period | Buy and hold |
Performance and Risk
Performance Summary (as at end of February 09, 2012)
| Inception June 08, 2007 | Member | S&P 500 |
|---|---|---|
| Month to date (%) | -0.39 | 4.41 |
| 3 month (%) | 8.90 | 4.76 |
| 1 year (%) | 9.93 | 2.09 |
| Annualized since inception (%) | 3.30 | 0.68 |
| Since inception (%) | 16.32 | n/a |
| Sharpe (annualized) | 0.16 | 0.01 |
| % of positive months | 55.36 | 60.81 |
Past performance is not indicative of future performance
Commentary - Latest Posts
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Over-levered bank February 07, 2008
FBTX is a Texas Savings and Loan that is facing some serious balance sheet issues. The company has only ~$113M in net tangible equity vs. ~$5.7B in assets. Those assets consist of nearly $2B in builder loans (read: loans to residential and commercial builders), and another $2B or so in residential loans, a good chunk of which were purchased from Countrywide, and are in one of the big trouble markets. They also have about 40% of their loans in Texas, which has held up very well.
The thesis goes......
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Profit from a busted Chinese IPO December 17, 2007
Noah Education (NED) is a high growth Chinese company in an attractive market, trading at value prices. With nearly half their stock price in cash ($3.65/share), the company is trading at an ex-cash trailing P/E of 12. Though some short term risks exists, I believe NED offers an incredibly attractive risk/reward here, and a surprisingly affordable relative and absolute value for a Chinese company. Company Overview NED IPOed in October, selling 9.8M shares for $14/share. Please note that the......
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MCZ Watchlist idea November 21, 2007
Written up extensively on my blog. I think their q3 will be weak in comparison to last year, but that in q4 they will see benefit from all their recent acquisitions. I expect them to earn about $.12 in FY09 (they are currently in q3 of FY08).
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MNST short rationale November 19, 2007
In looking for shorts that benefit this macro theme, I have tried to focus on pure-play permanent search companies, notably HSII and KFY, with strong US exposure, as I believe these are the stocks most likely to be punished by an oncoming downturn in hiring. Another interesting way to play this macro theme is via Monster Worldwide (MNST). Monster faces supply/demand economics as the permanent staffing companies. They derive the bulk of their revenues based on the volume of job listing posted......
- Expertise 5-10 years
- Country United States
- State California
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- Past performance is no guarantee of future results.
- Performance of a Personal Track Record is calculated by Covestor on a daily time-weighted basis of equity positions in the account provided by the member. It is exclusive of any commissions, fees, dividends, earnings distributions, and cash in the portfolio.
- Month to Date returns and Since Inception returns are revised daily. All other returns (month, 3 month, year to date, et al) are calculated as of the most recent month end date.
- All graph data is as of the end of day for the referenced period, unless otherwise specified.
- Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations and do not include cash, dividends and earnings distributions, or transaction costs. More
- All Personal Track Record information including personal data, profiles, strategies, commentary, and historical results outside of Covestor has been provided by the Member. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor.