Since my last SitRep in July, there have been few changes to
my stock portfolio. I bit the bullet and
reduced my stake in Kraft by 16% to take an early disbursement, which is always
galling. The last major move I made was
to sell my share in Pitney Bowes (PBI) as the stock price was exceeding the
level where I would get one re-invested share per quarter with the dividend; in
spite of PBI cutting the dividend in half in June.
I used that money to re-re-invest in Crown Crafts (CRWS) and
Town Sports International Holdings (CLUB).
I learned what a mistake that was over the 34 trading days of 2014. All indications were good with CLUB at the
beginning. The stock just instituted a $0.16
per share dividend and the price was low enough to get well above my one re-invested share per quarter threshold.
By the end of 2013, I had made $1 per share profit. The stock price started to drop in the early
days of 2014, but the entire market was seeing a downturn at the time, so I
figured CLUB was just “one of the boats on a sinking tide.” The high for the year was on 1/3/14 at
$14.37. On 2/5/2013, the price hit a
2014 low of $10.36. Still, I held onto
it, hoping the pricing would start to bounce back and I wanted to reach the
ex-dividend date to at least get some payment from my investment. I did select to have my dividends put into a
money market fund, rather than reinvested, and put a Stop Loss order at $10.
Yesterday, CLUB reported it missed Q4 EPS by $0.06 and YOY
Revenue was down 0.3%, which was an improvement of $230K from
expectations. This announcement occurred
after the market closed, but I knew the implications as I suffered a couple big
hits with B&G Foods (BGS), Mattel (MAT), and Waste Management (WM) when
they missed EPS. Sure enough, CLUB
tanked 17-18% to start the day. My Stop
Loss order triggered at the opening price of $8.48. I took that money and increased my stake in
NutriSystem (NTRI) so that I would get over two re-invested shares when the
stock pays in March.
Here's how the Dirty Dozen looks like now:
First Month
of Quarter Payers
B&G
Foods (BGS)
Profit/Loss
Per Share: +$8.09
Annual
Reinvested Shares Pace: 6.50
- Increase dividend to $0.33 per share in January
Kraft Foods
(KRFT)
Profit/Loss
Per Share: -$1.00
Annual
Reinvested Shares Pace: 4.75
Xcel Energy
(XEL)
Profit/Loss
Per Share: +4.07
Annual
Reinvested Shares Pace: 6.50
- Increased dividend to $0.30 per share for April
Crown
Crafts, Inc. (CRWS)
Profit/Loss
Per Share: +$0.49
Annual
Reinvested Shares Pace: 6.50
Second Month
of Quarter Payers
Paychex
(PAYX)
Profit/Loss
Per Share: +$18.64
Annual
Reinvested Shares Pace: 4.00
NutriSystem
(NTRI)
Profit/Loss
Per Share: +$4.08
Annual
Reinvested Shares Pace: 8.75
- First dividend payout is in March, then again in May
Darden
Restaurants (DRI)
Profit/Loss
Per Share: -$0.13
Annual
Reinvested Shares Pace: 5.50
Third Month
of Quarter Payers
Mattel (MAT)
Profit/Loss
Per Share: +$9.56
Annual
Reinvested Shares Pace: 5.75
- Increased dividend to $0.38 per share in January
Waste
Management (WM)
Profit/Loss
Per Share: +$8.17
Annual
Reinvested Shares Pace: 4.25
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