Portfolio wise, I did raise some cash to start the eBay
store by selling some of my more conservative large cap holdings. The eBay
store cost about $4000 to buy inventory and start up. I basically downsized the
portfolio, sold some relative losers, kept my winners and focused more on my
core strategy which is under appreciated small /mid caps. I also closed out my
margin debt balance; now the dividends are coming in as cash, and I’m
completely debt free, which feels good.
The positions I parted ways with were Saputo, Tim Hortons
and my only materials stock Imperial Metals, taking a small loss on THI and
nice profits on SAP, III. I now have no commodity miners or oil and gas
producers in my portfolio. I also sold my position In Prism Medical down about 12%
-$250 loss (first significant loss in recent memory), and sold SIR Corp for a
nice $400 profit.
The performance of the portfolio has been surprisingly
awesome, especially lately. Several positions are near all time, or 52 week
highs. I have no losers in the portfolio. Most positions are comfortably in the
green. My portfolio has untaken profits of about $13 200. Luckily several
stocks have been exceeding my expectations including MTY, AD, MRD, KBL, CMG,
AP.UN, SNC and WTE. My largest holding, Asian Television Network, has
benefitted lately from clarity on growth objectives and some new launches,
specifically 25 channels with Cogeco Cable. I’m very confident in the future
prospects of these companies and continue to hold all of them.
What I am left with now is a focused small/mid cap, special
situations portfolio that I believe is positioned well for long term growth. I will continue to focus on being extremely passive and letting my positions run. I
just had a job interview, so hopefully that works out and I’m looking forward
to new goals and challenges in 2013.
Thank you to everyone who visits this site and all your
emails. I hope we can keep learning together. Please email me at john@riseofamillionaire.com for market chat or just to bounce an idea off me. Good luck to all in 2013.
| Margin Account | ||
| Company Name | # of Shares | Market Value |
| Westshore Terminals | 135 | $3,773.25 |
| Asian Television Network | 2750 | $9,130.00 |
| Allied Properties REIT | 94 | $3,215.74 |
| Black Diamond Group | 260 | $5,712.20 |
| K-Bro Linen | 123 | $3,688.77 |
| Computer Modelling Group | 196 | $4,321.80 |
| SNC Lavalin | 53 | $2,391.89 |
| Bird Construction | 204 | $3,047.76 |
| New Look Eyeware | 100 | $939.00 |
| MTY Food Group | 125 | $3,012.50 |
| Melcor Developments | 150 | $2,934.00 |
| Total | $42,166.91 | |
| TFSA Account | ||
| Company Name | # of Shares | Market Value |
| New Look Eye Ware | 190 | $1,784.10 |
| Alaris Royalty | 122 | $3,128.08 |
| Asian Television Network | 469 | $1,557.08 |
| MTY Food Group | 136 | $3,277.60 |
| Total | $9,746.86 | |
| Cash | Total | $375.00 |
| Margin Account | Total | $42,166.91 |
| TFSA Account | Total | $9,746.86 |
| RRSP Mutual Fund (approx) | Total | $800.00 |
| Total Assets | $53,088.77 | |
Check out Jason Donville on BNN (The Close) today. Very smart guy, knows what he likes and don't pull any punches.
ReplyDeleteSounds like the next edition of his newsletter will be a very interesting and insightful read.
http://www.donvillekent.com/roe-reporter.php
Thanks for the link. Lots of good info. He talks about stocks very similar to Lynch. Good idea to just stick to strict low p/e, high ROE/ growth.
ReplyDeleteIt's the same approach I used to find HLF last year and MDR this year. Growth at a reasonable price.
ReplyDeleteI also like his thinking on owning only a handful high quality stocks.